##  [# Invesco Q2 ETF Assets Leap 32% on Strong QQQM Inflows](/sections/news/invesco-q2-etf-assets-leap-32-strong-qqqm-inflows) 

 

# Invesco Q2 ETF Assets Leap 32% on Strong QQQM Inflows

 

 

\- The QQQ owner said its ETF/index unit assets rose to $546.9B.  
\- The unit generated $40.9B in market gains, 12 times that of last year’s Q2.  
\- Overall net inflows dropped 23% from Q1, in part due to RSP outflows.



 

 

 

 

 [![RonDay](/sites/default/files/styles/author_image_icon/public/2024-01/etf.com_Author_RonDay.png?itok=XBj72rrJ "RonDay")](/contributors/ron-day) 

[By Ron Day](/contributors/ron-day)

 Jul 22, 2025

 Edited by: David Tony

 

 

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[Invesco Ltd. (IVZ)](/stock/ivz), the fourth-largest ETF issuer, reported that assets in its business unit that includes exchange-traded funds leapt 32% during the second quarter, compared with the same quarter last year, as equity markets jumped.

The unit’s assets rose to $546.9 billion from $415.1 billion in last year’s second quarter, the company said in a [statement](https://invesco2021tf.q4web.com/news/news-details/2025/Invesco-Reports-Results-for-the-Three-Months-Ended-June-30-2025/default.aspx). Compared with this year’s first quarter, assets swelled 11% from $491 billion. That business doesn’t include results from Invesco’s biggest fund, the $358.1 billion [**Invesco QQQ Trust (QQQ)**](/qqq), which doesn’t produce management fees due to its unit investment trust structure.

As the S&amp;P 500 gained 11% during the quarter, Invesco’s ETF and index business generated $40.6 billion in market gains, nearly 12 times the $3.8 billion the business created during last year’s second quarter. In this year’s first quarter, the business suffered a loss of $10.9 billion as markets tumbled amid President Donald Trump ramping up a series of tariff battles with trading partners around the globe.

The Atlanta-based company produces income from fees on the 242 ETFs it manages.

## QQQM Pulls in Big Money

While QQQ doesn’t generate fees, a copycat that does, the $55.1 billion [**Invesco NASDAQ 100 ETF (QQQM)**](/qqqm), pulled in a net $5.6 billion in flows during the quarter. The company [said](https://www.etf.com/sections/news/invesco-eyes-profits-qqq-structure-switch) last week it aims to restructure QQQ as an open-ended fund and generate fees.

The company highlighted “Another strong quarter with annualized organic growth of +10% and continued market share gains with strength across geographies,” in a [slide](https://events.q4inc.com/attendee/519518690/guest) presentation.

Overall, the ETF and index business’s net inflows fell 23% to $12.6 billion from the first quarter and were little changed year over year. This was partially due to net outflows of $2.9 billion from the company’s second-largest fund, the $73.9 billion [**Invesco S&amp;P 500 Equal Weight ETF (RSP)**](/rsp).

That fund, which tracks an equal-weighted index of S&amp;P 500 companies, charges a 0.2% management fee, compared with the passive, market-cap weighted, $701.8 billion [**Vanguard S&amp;P 500 ETF (VOO)**](/voo), the world’s largest ETF, which charges 0.03%.

### QQQM Second-Quarter Flows

### [![QQQM Second-Quarter Flows](/sites/default/files/inline-images/image_425.png)](https://www.etf.com/etfanalytics/etf-fund-flows-tool)

*Source: etf.com and FactSet Data*

 
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## ETF Issuers Boosted by Market Gains

Other publicly traded ETF issuers reported that second-quarter market gains boosted their businesses. The largest, [Blackrock Inc. (BLK)](/stock/blk), last week said its iShares ETF franchise attracted $85 billion in net flows during the second quarter and ETF assets under management reached $4.7 trillion.

[Charles Schwab Corp. (SCHW)](/stock/schw), the fifth-largest U.S. ETF issuer, said assets in its exchange-traded funds rose 26% during the second quarter.

[WisdomTree Inc. (WT)](/stock/wt) is the final large ETF issuer set to report second-quarter earnings, which it will do Friday, July 25.



 

 

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  Ron Day is Contributing Editor at etf.com. He joined the company in October 2022 and has served as Managing Editor, deputy managing editor and…   [View Bio](/contributors/ron-day)

 



 

 


 Related Topics  [Invesco](http://www.etf.com/topics/invesco) 

 [Blackrock](http://www.etf.com/topics/blackrock) 

 [WisdomTree](http://www.etf.com/topics/wisdomtree)