This ETF Would Have Increased Your Investment by 6x Over the Past 10 Years -- and It's Still Soaring
High-growth holdings have driven this fund's success.
Overview
The Invesco QQQ Trust (NASDAQ: QQQ) is a tech-heavy Nasdaq-100 exchange-traded fund (ETF) that has impressively -- yet quietly -- turned long-term investors into winners over the past 10 years. Had you invested a decade ago, the fund would have increased your money six times over. Better yet, the fund's momentum shows little sign of slowing.
QQQ tracks the Nasdaq-100 index, a collection of 100 of the largest companies listed on Nasdaq. The fund tilts heavily toward tech and communication services, and has delivered eye-popping returns of roughly 513% over the past decade. That means a $10,000 investment made 10 years ago would have grown to around $61,000
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Originally published at www.fool.com.