Overview
Description
The Invesco Nasdaq 100 EUR Hedged Fund is an exchange-traded fund (ETF) designed to track the performance of the NASDAQ-100 Index while mitigating exposure to currency fluctuations between the euro and the US dollar. As an equity ETF, it primarily invests in a broad portfolio of 100 of the largest non-financial companies listed on the Nasdaq Stock Market, which are known for their significant influence in the technology sector. Key companies within the index include leading innovators in areas such as computing, software, telecommunications, and biotechnology.
The fund's currency hedging feature appeals to European investors seeking to protect their investments from adverse currency movements, thus preserving the returns in euro terms. This makes the ETF particularly relevant for investors concerned about exchange rate volatility. By offering exposure to high-growth technology and consumer-focused companies without the currency risk typically associated with international investments, the Invesco Nasdaq 100 EUR Hedged Fund plays a critical role in diverse investment strategies focused on capturing global technology market dynamics while controlling for currency risks.
About
Address
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Website
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Instrument type
ETF
Country
Italy
MIC code
XMIL