Invesco Has Launched International Innovators ETF

The firm expanded its innovation suite with a new fund tracking 100 international stocks based on innovation scores.

Updated on Sept. 29, 2026 in Investing

Isometric editorial illustration of a tiered grid of one hundred uniform metal cubes, representing global market innovation. — Invesco launched the Invesco Nasdaq International Innovators 100 ETF, expanding its suite of innovation-focused funds for investors seeking international growth. AI Illustration. Upload story photo >

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Invesco has introduced the Invesco Nasdaq International Innovators 100 ETF, a new fund designed to track 100 international companies based on an innovator score. This addition expands the firm's existing QQQ innovation suite.

Why it matters

The launch aims to provide investors with broader access to global growth-oriented companies beyond the domestic focus of previous offerings. By utilizing a rules-based methodology, the fund seeks to isolate innovative leaders across international markets.

The fund, which features a total expense ratio of 0.29%, holds major positions including TSMC at 10.71%, SK Hynix at 6.06%, and ASML Holding NV at 5.85%. These are selected from the Nasdaq Global Ex US Large Mid Cap Index.

The players

Invesco

Invesco is a global independent investment management firm that provides a wide range of investment strategies and products.

TSMC

TSMC is a leading global semiconductor foundry that specializes in the manufacturing of integrated circuits.

SK Hynix

SK Hynix is a major South Korean memory semiconductor supplier that produces dynamic random-access memory chips and flash memory.

ASML Holding NV

ASML is a Dutch company that serves as a primary supplier of photolithography systems for the semiconductor industry.

Tencent Holdings Ltd.

Tencent is a Chinese multinational technology conglomerate that focuses on internet-related services and entertainment.

The details

The new ETF selects stocks through a rules-based process that evaluates companies based on their proprietary innovator score. Rebalancing for the index occurs on a quarterly basis in March, June, September, and December.

Invesco launched the new ETF on September 23, 2026.
The QQQM and QQQJ funds were launched in October 2020.
The underlying index undergoes rebalancing in March, June, September, and December.

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Market Dynamics

This move extends the growth of the Invesco QQQ Innovation Suite by providing international exposure to investors who previously relied on domestic-focused funds. It positions the firm to capture global capital flows as it diversifies its product offerings beyond U.S.-only innovation.

Retail investors can now gain exposure to international companies through the new fund, though they should note the higher expense ratio compared to domestic equivalents like QQQM. The fund's quarterly rebalancing schedule may lead to periodic changes in the underlying portfolio composition.

The takeaway

The addition of this ETF allows portfolio diversification into international markets while maintaining a focus on high-innovation sectors. Investors should monitor how the fund's quarterly rebalancing impacts portfolio stability compared to more static investment vehicles.