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Should First Trust NASDAQ-100 Select Equal Weight ETF (QQEW) Be on Your Investing Radar?

Zacks Investment Research·
Should First Trust NASDAQ-100 Select Equal Weight ETF (QQEW) Be on Your Investing Radar?

QQEW, a passively managed ETF launched in 2006, provides exposure to large-cap growth stocks with $1.84 billion in assets. The fund has returned 14.34% year-to-date and 20.68% over the past year, with a 0.55% expense ratio and medium risk profile (beta 1.08). It holds 51 companies with heavy exposure to Information Technology (52.8%), and received a Zacks ETF Rank of 2 (Buy), making it a solid option for long-term investors seeking large-cap growth exposure.

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