Invesco NASDAQ-100 Equal Weight UCITS ETF Acc

What this fund is

Invesco NASDAQ-100 Equal Weight UCITS ETF Acc is an exchange-traded fund (ETF) from Invesco, traded under the ticker IEWQ (ISIN IE000L2SA8K5). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. Rather than a manager picking stocks, it simply replicates the NASDAQ-100 Equal Weighted Net Notional Return Index index — the passive, low-cost approach, and its largest holdings include AXON ENTERPRISE INC USD0.00001, APPLIED MATERIALS INC USD0.01 and DOORDASH INC - A USD NPV. With about 104 holdings (the ten largest ≈ 12%), your money is diversified rather than concentrated in a handful of names.

By geography it is weighted towards ~93.3% United States, ~2.8% Netherlands and ~2.1% Ireland. Its heaviest sectors are ~42.3% Technology and ~13.7% Industrials. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.2% a year — about €20 a year on a €10,000 holding, taken automatically from the fund; counting the trading costs inside the fund, the all-in figure is around 0.21%. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash.

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. On the standard KID risk scale it is rated 5 out of 7 and its price has swung about 14.6% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2023, and its KID suggests a holding period of 5 years. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Invesco.)