Invesco Targets Patent Data for New Small-Cap Tech ETF

Invesco Ltd. is expanding its famous QQQ suite with a growth-centric small-cap fund that focuses on companies with so-called “high-quality” patents.

The ETF giant on Thursday launched the Invesco Nasdaq Future Gen 200 ETF under the ticker QQQS, with the rationale that companies with strong patents could be pioneers of innovation.

This is the sixth fund under the QQQ banner, of which the $145 billion Invesco QQQ Trust Series 1 -- which bears the namesake ticker -- is the most popular. The firm, two years ago, also launched the Invesco NASDAQ 100 ETF (QQQM) and the Invesco NASDAQ Next Gen ...