The low-cost exchange-traded fund (ETF) aims to provide index-tracking exposure to Nasdaq-listed large-cap growth names in the US.

Global asset manager State Street Investment Management (State Street IM) has expanded its product lineup with the launch of the State Street SPDR Portfolio Nasdaq 100 ETF (QNDX), offering investors a low-cost, growth-oriented core equity allocation. The ETF was designed to provide capital appreciation and long-term compounding The Nasdaq 100 Index represents 100 of the largest Nasdaq-listed non-financial companies in the US, offering exposure to sectors that have driven strong earnings grow