BlackRock said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index , as it seeks to tap surging investor demand for exposure to the AI-driven stock market rally.
NEW YORK--(BUSINESS WIRE)--BlackRock today announced plans to launch the iShares Nasdaq 100 ETF (Nasdaq:IQQ), designed to provide investors with cost-efficient access to the companies driving innovation and long-term economic growth across sectors including technology, healthcare, consumer discretionary, and communication services. The ETF has a gross expense ratio of 0.12%, with a waiver reducing the expense ratio to 0.10% through July 31, 2027. The ETF's initial NAV will be $24 per share1 and.
BlackRock now offers two Bitcoin exchange-traded funds, with each providing unique exposure. Investors starved for yield will find that this product can perform well in sideways markets.
“America has always risen to the occasion,” John Kelly, BlackRock Global Head of Corporate Affairs said. “We know how to mobilize and we know how to work hard.
BlackRock built a massive business around exchange-traded funds. The company's current focus is to build out its private markets business, which could be a much more profitable opportunity.
BlackRock (BLK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Rick Rieder, global fixed income CIO at BlackRock, says “hiring is stable, but I would say, broadly unimpressive,” as he examines the June US jobs report. He also discuses a timeframe for an interest rate hike from the Federal Reserve, the lack of forward guidance from the Fed, and where he sees yield opportunities.
Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says the June jobs report will help Federal Reserve Chairman Kevin Warsh be patient on rates as well as benefit the bond market. He speaks on "Bloomberg Surveillance.