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When a new ETF hits the market, it’s usually just another ticker joining an already crowded space. But every so often, a new fund comes along that makes investors wonder whether there’s a better way to ride an already popular trend. BlackRock’s (BLK) newly launched iShares Nasdaq 100 ETF (IQQ) may be one of them. Designed to track the Nasdaq-100, it offers low-cost exposure to many of America’s biggest growth companies, from technology giants to healthcare innovators, at a time when demand for artificial intelligence (AI) and large-cap tech investments remains as strong as ever.
That launch could not have come at a more interesting moment. Today’s tech leaders no longer fit neatly into the traditional technology sector after industry classification changes reshuffled many prominent names into different sectors. As a result, investors looking to own the companies driving the AI revolution and digital economy have increasingly turned to Nasdaq-100 ETFs as a one-stop shop.
