Overview
Description
The Invesco NASDAQ-100 Swap Accumulation Fund is a financial vehicle designed to track the performance of the NASDAQ-100 Index while utilizing swap contracts. This fund aims to replicate the returns of the NASDAQ-100, the benchmark index that includes 100 of the largest non-financial companies listed on the NASDAQ stock market, setting a focus on sectors like technology, healthcare, and telecommunications. By employing swap agreements, the fund can synthetically replicate the index's performance, offering an alternative to direct stock holdings. This structure allows for potentially efficient tracking with minimized tracking error and administrative costs. Typically, the fund appeals to investors looking to gain exposure to a diverse set of leading growth companies such as those involved in innovative and high-growth industries. The accumulation aspect of the fund means that dividends from index constituents are reinvested, compounding the potential growth over time. The Invesco NASDAQ-100 Swap Accumulation Fund allows investors to thoroughly engage with the dynamic landscape of top-tier U.S. companies while leveraging the technical advantages of swap-based investments.
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Instrument type
ETF
Country
United Kingdom
MIC code
XLON