NDQ ETF: AI-Driven Portfolio Faces Hawkish Fed Headwinds
The Betashares Nasdaq 100 ETF (ASX: NDQ) has become a popular way for Australians to invest in top technology companies through a single ASX trade. The fund tracks the performance of the Nasdaq-100 Index, which includes 100 of the largest non-financial companies listed on the Nasdaq market.
In September 2026, NDQ faces a challenge as the US Federal Reserve has turned more hawkish than expected, and long-duration growth stocks are sensitive to interest rates. The AI investment cycle continues to power big technology, but this trend may be disrupted by Fed policy.
The fund's largest holdings include Apple, Nvidia, Microsoft, Amazon, and Meta, which make up a significant portion of the portfolio. As these companies are highly rate-sensitive, any changes in US interest rates could impact NDQ's performance.