Which ETF tracks the NASDAQ-100 equal weighted index?

The other ETF that tracks the Nasdaq-100 Equal Weighted Index is the Direxion Nasdaq-100 Equal Weighted Index (QQQE), which was launched in March 2012. The fund has a $387.857 million as assets under management, and an expense ratio of 0.35%.

What is the NASDAQ -100 equal weighted index?

The index consists of companies in the NASDAQ -100 Index weighted in equal proportions. As of 06/04/2024 ETFs tracking the NASDAQ -100 Equal Weighted Index are presented in the following table. ETF Database staff has allocated each ETF in the ETF database, as well as each index, to a single ‘best-fit’ ETF Database Category.

What is the First Trust NASDAQ-100 equal weighted index fund?

Investment Objective/Strategy - The First Trust NASDAQ-100 Equal Weighted Index Fund is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the Nasdaq-100 Equal Weighted™ Index.