Big-Tech Love – And Fear – Fuels Record Boom for Invesco’s ETFs

Invesco Ltd.’s ETF lineup absorbed a record amount of cash in 2024 from at least two classes of investors: those chasing AI-driven gains, and those shying away from big tech’s sway.

Nearly $86 billion flooded into Invesco’s US-listed ETFs last year, shattering the firm’s previous high-water mark of $54 billion set in 2021, data compiled by Bloomberg Intelligence show. While the tech-heavy Invesco QQQ Trust Series 1 (ticker QQQ) lead the investment manager’s inflows with a $29 billion haul, the Invesco S&P 500 Equal Weight ETF (RSP) — which gives every stock the same heft in its portfolio — followed with a record $17 billion of annual inflows.