Name of ETF: Direxion NASDAQ-100 Equal Weighted Index Shares
Benchmark Index: NASDAQ-100 Equal Weighted TR Index
Ticker Symbol: QQQE
Approximate Number of Stocks in this ETF: 100
Types of Companies Included: The largest U.S. and international companies listed on the NASDAQ stock exchange. Companies from the financial sector are excluded from the index. Examples of companies that are part of the NASDAQ 100 include:
- Microsoft (MSFT)
- Google (GOOG)
- Amazon (AMZN)
- Facebook (FB)
- Intel (INTC)
Individual Company Weight: The primary feature of this ETF is that each of the stocks in the index, and hence ETF, are equally weighed. This diversification feature is appealing to certain type of investor who puts an emphasis on true diversification.
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