(QQQE) Direxion NASDAQ-100 Equal - Ratings and Ratios

The Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is an ETF that typically allocates at least 80% of its assets to securities within the index or to investments that mirror the indexs economic characteristics. This fund tracks an equal-weighted version of the NASDAQ-100 Index, which includes around 100 of the largest non-financial companies listed on NASDAQ, both domestically and internationally. Unlike market-cap weighted indices, this equal-weighted approach gives each company an equal influence, potentially reducing concentration risk.

As a non-diversified fund, QQQE can have significant exposure to a smaller number of securities, which may heighten risk but also offer higher return potential. This strategy might appeal to investors seeking balanced exposure to top NASDAQ companies without the bias of market capitalization. The funds AUM is around $1.4 billion, operating under the ticker QQQE on the NASDAQ exchange, categorized as a Large Growth ETF.