The index is heavily weighted in information technology and consumer discretionary sectors, with no exposure to energy, materials, utilities, and financials.
ETF PM has long positions in AMZN, NFLX, QQQ, and TSLA.
Why the QQQ ETF Has Crushed the Competition in 2015
Other benchmarks are flat for the year, but this Nasdaq-tracking fund is substantially higher.
Motley Fool, 11/19/15
Millions of investors use exchange-traded funds to invest, and ETFs tracking popular indexes have gotten a lot of attention. For the PowerShares QQQ ETF (NASDAQ:QQQ), 2015 has been a strong year, with the Nasdaq-tracking ETF dominating the returns of its primary rivals. While the SPDR S&P 500 ETF (NYSEMKT: SPY) and the SPDR Dow Jones Industrial Average ETF (NYSEMKT: DIA) have struggled to remain above the break-even point for the year, the QQQ ETF is up almost 10% for 2015. Let’s take a closer look at what the QQQ ETF tracks and why it has been on fire this year.
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