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- Invesco NASDAQ 100 ETF Units Thailand Depositary Receipts Repr 0.01 Sh (SET: QQQM19) is an exchange-traded depositary receipt issued by Yuanta Securities (Thailand) Public Company Limited that provides domestic investors in Thailand with fractional cross-border investment exposure to the Invesco NASDAQ 100 ETF (QQQM), a United States-listed exchange-traded fund managed by Invesco Capital Management LLC, a subsidiary of Invesco Ltd. The instrument operates within the financial services and capital markets industry, specifically offering access to foreign equity markets through a locally traded, Thai Baht-denominated security on the Stock Exchange of Thailand. The primary underlying asset tracks the performance of the Nasdaq-100 Index, representing 100 of the largest non-financial domestic and international companies listed on the Nasdaq Stock Market.
The security’s primary investment exposure and underlying services encompass a diversified portfolio of large-capitalization and mega-capitalization growth equities across core technology, consumer discretionary, communication services, healthcare, and industrial sectors; underlying constituent holdings including Apple Inc., Microsoft Corporation, NVIDIA Corporation, Amazon.com Inc., Alphabet Inc., Meta Platforms Inc., Broadcom Inc., and Tesla Inc.; fractional entitlement conversion mechanisms structured at a ratio of 500 depositary receipts per 1 unit of the underlying ETF; continuous intraday liquidity provision on the Stock Exchange of Thailand; dual-session trading capabilities across standard day trading hours and extended night trading windows aligned with Western market movements; and local currency dividend pass-through and corporate action settlement administration conducted via Thailand Securities Depository Co., Ltd.
Recent developments include the formal listing and commencement of trading of the QQQM19 depositary receipt on the Stock Exchange of Thailand in May 2025, expanding Yuanta Securities Thailand’s cross-border financial instrument lineup. In the past one to two years, the issuer has further expanded its foreign securities trading infrastructure by adopting enhanced market-making protocols and integrating the Stock Exchange of Thailand’s extended night trading framework to accommodate real-time price discovery alongside US trading sessions. Additionally, underlying fund sponsor Invesco Ltd. has continuously broadened its global indexing and low-cost ETF suite, capturing increased market share through cost-efficient vehicles such as QQQM.
Headquartered in Bangkok, Thailand, at Gaysorn Tower, Ratchadamri Road, issuer Yuanta Securities (Thailand) traces its founding roots to 1971 and operates as a key regional subsidiary of Taiwan-based Yuanta Financial Holding Co., Ltd., while the underlying fund manager, Invesco Ltd., was founded in 1935 and is headquartered in Atlanta, Georgia, United States. The instrument targets retail, high-net-worth, and institutional investors in Thailand seeking cost-efficient, international technology and innovation exposure without the requirement of foreign brokerage accounts or offshore currency conversion.