Invesco Nasdaq Biotechnology ETF (IBBQ) — ()
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5 Undervalued ETFs to Ride on Powell's Market Optimism
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Sentiment: Positive ()
The Fed lifted market confidence amid economic uncertainty, leading to a rally in the U.S. stock market.
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About Invesco Nasdaq Biotechnology ETF IBBQ
The Invesco Nasdaq Biotechnology ETF (Fund) is based on the Nasdaq Biotechnology Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The Fund and the Index are reconstituted annually in December and rebalanced quarterly in March, June, September and December.