- Business
- Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that tracks the Nasdaq CTA Internet Index, a modified market-capitalization-weighted benchmark comprising companies engaged in internet-related businesses listed on major U.S. exchanges including the New York Stock Exchange, NYSE American, Cboe, and Nasdaq. The fund normally invests at least 90% of its total assets in securities that comprise the index, which focuses on internet software, search engines, web hosting, website design, internet retail commerce, and related services as defined by the Consumer Technology Association; top holdings typically include leading firms such as Microsoft Corp., Apple Inc., Alphabet Inc., Amazon.com Inc., and Meta Platforms Inc. Class A, with sector allocations emphasizing communication services (approximately 33%), information technology (32%), and consumer discretionary (26%).
Launched on June 12, 2008, by Invesco Ltd., a global investment management firm headquartered in Atlanta, Georgia, PNQI operates primarily in the U.S. market with geographic exposure extending to holdings in countries including China, Canada, Sweden, Brazil, Singapore, South Korea, Israel, India, and France. The fund, domiciled in the United States under Invesco Exchange-Traded Fund Trust, maintains approximately 79 holdings, a total expense ratio of 0.60%, and assets under management exceeding $800 million as of recent data.
The ETF undergoes quarterly rebalancing and reconstitution to align with the underlying index. Recent developments for PNQI remain limited to standard index-driven portfolio adjustments, with no reported acquisitions, partnerships, funding rounds, new product launches, or major strategic shifts specific to the fund within the last 1-2 years; broader Invesco initiatives, such as ETF fee reductions on select products and expansions in active ETFs, have not directly impacted PNQI operations.