Invesco QQQ Fund to Convert Structure
Update: 2025-12-19
Description
Invescos QQQ fund, a popular tech investment, is set to transition from a unit investment trust to an open-end fund, potentially bringing in hundreds of millions in annual revenue. This change, approved by shareholders, will lower QQQs expense ratio and streamline operations. Invescos shares surged by over fifty percent following the positive market reaction to the potential structural change.
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