Svmuu News BlackRock is setting its sights on a segment of the $13.7 trillion US ETF market long dominated by Invesco: tracking the Nasdaq 100 Index. According to documents filed with the U.S. Securities and Exchange Commission (SEC) on Monday, the iShares Nasdaq 100 ETF will track this index with the ticker symbol IQQ. If launched, IQQ would become one of the few US-listed ETFs dedicated to tracking the Nasdaq 100 Index and the first such product not managed by Invesco. Since the Nasdaq exchange launched the index in 1985, it has been relatively cautious in licensing its use. Although there are also ETF products in the US market that overlay Nasdaq 100 components through derivatives, Invesco has virtually monopolized the market for pure Nasdaq 100 index ETFs. This partnership has spawned the $374 billion Invesco QQQ Trust Series 1 (ticker: QQQ), one of the world's largest ETFs, and the $70 billion Invesco Nasdaq 100 ETF (QQQM). (Jin10)