US EditionPublished • loading... • Updated
BlackRock Files for Nasdaq-100 Fund, Expanding Competition with Invesco
The fund would be BlackRock’s first U.S. Nasdaq 100 ETF and would challenge Invesco’s QQQ franchise, which saw nearly $8 billion in outflows this year.
- On Monday, BlackRock filed with the Securities and Exchange Commission to launch the iShares Nasdaq 100 ETF , positioning the firm to compete directly with Invesco's dominant offerings in the tech-heavy index space.
- Exchange-Operator Nasdaq has historically restricted licensing for its index to select partners, granting Invesco virtually exclusive access to the pure Nasdaq 100 within the United States for over 25 years.
- Data from Morningstar Direct shows the $376 billion QQQ saw nearly $8 billion exit during the first two months of 2026, while the $70 billion QQQM attracted $18 billion in inflows over 12 months.
- Nasdaq cited its ongoing relationship with Invesco as a cornerstone of the ecosystem while referring to "a new select set of partners for ETF products in the US," acknowledging expanded access.
- While this marks BlackRock's first U.S. Nasdaq 100 ETF, the firm already operates four similar funds internationally and manages domestic Nasdaq-flavoured funds including the iShares Nasdaq Top 30 Stocks ETF and iShares Nasdaq-100 ex Top 30 ETF .
Insights by Ground AI
15 Articles
15 Articles
Meet the BlackRock ETF Taking Aim at Invesco’s QQQ
BlackRock is taking a “Q” from the competition. Two Qs, rather. The company is preparing a new fund, the iShares Nasdaq 100 ETF (IQQ), which would compete directly with two similar funds from Invesco: the QQQ Trust and Nasdaq 100 ETF (QQQM). It’s a particularly significant development, since Invesco has had a lock on the category for decades, due in part to Nasdaq’s extremely limited licensing of the index to ETF providers. “Invesco QQQ has be…
Coverage Details
Total News Sources15
Leaning Left1Leaning Right4Center2Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
14%
C 29%
R 57%
Factuality
To view factuality data please Upgrade to Premium
