BlackRock to Undercut Invesco with 0.15% Nasdaq-100 ETF Launch
IVZ•BlackRock will introduce an iShares Nasdaq-100 ETF charging 0.15%, undercutting Invesco’s 0.20% fee on its $250 billion QQQ Trust to capture surging AI-driven inflows. Chinese shares rose over 2% as investors rotated into domestic equities while global futures fell, a divergence that could reshape flows into Invesco’s Asia-focused funds.
1. BlackRock’s ETF Launch
BlackRock plans to roll out an iShares Nasdaq-100 ETF next week with a 0.15% expense ratio, versus Invesco’s 0.20% fee on its $250 billion QQQ Trust. The new fund aims to leverage the ongoing AI rally, positioning itself to attract investors seeking lower costs on Nasdaq-100 exposure.
2. China Market Divergence
Chinese equity benchmarks rallied more than 2% July 6 even as U.S. futures slipped, reflecting a divergence driven by renewed domestic buying. That outperformance has prompted rotations into regional products, potentially boosting inflows into Invesco’s Asia-focused strategies.
