The asset manager has filed for an ETF tracking the Nasdaq 100, signalling a potential shift in a market long led by Invesco.
World's largest asset manager BlackRock has filed with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking the Nasdaq 100 index, marking a move into a segment historically dominated by Invesco. The Nasdaq 100 index tracks 100 of the largest non-financial companies listed on the Nasdaq exchange The proposed fund, named the iShares Nasdaq 100 ETF, would trade under the ticker IQQ, according to the filing. If approved, the ETF would be among a