Invesco QQQ Trust (QQQ) took a hit in October’s choppy markets, but that is par for the course for a giant, growth-oriented exchange-traded fund that tracks a relatively small number of companies. So says John Frank, QQQ strategist at Invesco’s PowerShares. The $65.94 billion ETF tracks the Nasdaq-100, the 100 largest nonfinancial companies that trade on Nasdaq, and is up 7.8% for the year so far, outperforming the market-tracking SPDR S&P 500 ETF (SPY), with returns of just under 2.6%.

Source: Wall Street Journal December 10, 2018 03:00 UTC