For many investors, the Nasdaq-100® is synonymous with tech. But that may not be exactly the case. While the index is perceived as typically tech-heavy, surprisingly only 37 companies within the index are classified as ‘technology’. For investors who are trading Nasdaq-100® ETFs primarily as a way to trade their assumptions about tech, those non-tech companies can end up muddying the results of their trading strategy.

That’s why Toronto-based Evolve ETFs made the Evolve NASDAQ Technology Index ETF (QQQT). QQQT trades on the Toronto Stock Exchange (TSX) and tracks the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index, which was specifically crafted to include only those 37 companies in the Nasdaq-100® that are considered pure tech.