Finance
BlackRock pushes to launch Nasdaq 100 ETF, can it shake Invesco QQQ dominance
BlackRock has filed with the U.S. Securities and Exchange Commission to list an iShares Nasdaq-100 ETF, challenging a market long led by Invesco. It proposed the ticker IQQ, with an analyst estimating fees around 0.12 percent, below Invesco’s QQQ and QQQM. BlackRock’s scale, distribution and product structure could help, though Invesco’s liquidity and entrenched use in derivatives may limit switching.