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Direxion NASDAQ-100 Equal Weighted Index Shares
QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) is an index US Technology Equity ETF by Direxion. With a 0.35% MER, it provides diversified exposure through 102 holdings. Quarterly distribution with a 0.64% yield.
QQQE by Direxion is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.35% MER, its fees are in line with category averages.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.