Apr. 6 at 7:08 PM
$BLK files iShares Nasdaq 100 ETF under ticker
$IQQ - expected to have the lowest MER in its class at 0.12%
Invesco has enjoyed virtually exclusive access to the "pure" Nasdaq 100 in the US market. That relationship has produced the
$374B Invesco QQQ Trust Series 1 fund (
$QQQ ), one of the largest ETFs globally, as well as the
$70BI nvesco Nasdaq 100 ETF (
$QQQM )
While IQQ would be its first in the US market, BlackRock manages 4 Nasdaq 100-tracking ETFs globally. Within the US, BlackRock is also behind Nasdaq-flavored funds including the iShares Nasdaq Top 30 Stocks ETF (
$QTOP ) & the iShares Nasdaq-100 ex Top 30 ETF (
$QNXT )