BlackRock Files to Challenge Invesco’s Nasdaq 100 ETF Monopoly
The Blackrock headquarters in New York.
Photographer: Michael Nagle/BloombergBlackRock Inc. is setting its sights on a corner of the $13.7 trillion US exchange-traded fund industry long controlled by Invesco Ltd: tracking the Nasdaq 100 Index.
The iShares Nasdaq 100 ETF would follow the technology-heavy index and trade under the ticker IQQ, according to a Monday filing with the Securities and Exchange Commission. Fees for the fund were not yet listed.