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Invesco chases next-gen FAANG stocks with new ETF launch

The fund manager launches a new UCITS exchange-traded fund in Europe aiming to provide access to the 101st to the 200th largest securities listed on Nasdaq. It also launches a synthetically replicated version of an existing ETF tracking the largest 100 companies.

Fredrik Nilsson, Invesco's head of Nordic ETF business development | Photo: PR / INVESCO

Fund manager Invesco is launching a new US-focused exchange-traded fund on the European market.

The Invesco Nasdaq Next Generation 100 UCITS ETF aims to target the "next generation of innovative companies". That means the companies investors can access are the 101st to the 200th largest stocks listed on Nasdaq, according to a company statement.

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