BlackRock’s 10–12 bp Nasdaq-100 ETF Targets Invesco’s $374B Flagship Fund
BlackRock filed for an iShares Nasdaq-100 ETF (IQQ) aiming to challenge Invesco’s $374B QQQ Trust and $70B QQQM with anticipated fees of 10–12 basis points versus Invesco’s 18 and 15 bps. Backed by $14T AUM and global distribution, BlackRock could divert substantial inflows from Invesco’s Nasdaq-100 products.
1. BlackRock Files for iShares Nasdaq-100 ETF
On April 6, BlackRock registered the iShares Nasdaq-100 ETF (IQQ) with the SEC, positioning itself as the first non-Invesco manager of a US-listed pure Nasdaq-100 product.
2. Anticipated Fee Advantage
Analysts estimate IQQ’s expense ratio at 10–12 basis points, undercutting Invesco’s 18 bps QQQ Trust Series 1 and 15 bps QQQM to attract fee-sensitive institutional, retirement, and advisor model portfolios.
3. Market Reach and Impact
With $14 trillion in assets under management and established Nasdaq-100 ETFs in Canada, Europe, and Hong Kong, BlackRock’s distribution network and integration into advisor platforms could siphon substantial inflows from Invesco’s $374 billion flagship and $70 billion secondary suite.