On Thursday, BlackRock amplified its selection of large-cap ETFs by launching the iShares Top 20 U.S. Stocks ETF, the iShares Nasdaq Top 30 Stocks ETF, and the iShares Nasdaq-100 ex Top 30 ETF. TOPT is trading on the NYSE, while QTOP and QNXT are available on the Nasdaq.
Each of the three funds has a net expense ratio of 0.20%. These ETFs are part of the suite of iShares Build ETFs, which provide building blocks for targeted equity exposure.
“The iShares Build ETFs help investors harness the power of growth and innovation within the largest U.S. companies in a precise way,” said Rachel Aguirre, U.S. head of iShares products at BlackRock. “Now is the time for investors to rethink their market exposure and how they can aim to capitalize on the growth potential of these companies.”
Focus on High Performers
TOPT aims to give investors exposure to an index that tracks the 20 biggest companies within the S&P 500 Index. The size of these companies is measured by market cap.
Meanwhile, both QTOP and QNXT focus on the Nasdaq 100 Index. QTOP focuses on the top 30 companies within the index, while QNXT focuses on the 31st-100th stocks within that index.
All three of these funds can be highly beneficial for investors looking to gain access to specific large-cap groups. These strategies can help investors bolster their exposure to some of the largest companies on the U.S. market.
“A handful of mega-cap stocks have led the market recently but diversification remains important to many advisors,” added Todd Rosenbluth, head of research at VettaFi. “These new iShares ETFs aim to blend both of these trends in an easy-to-use format.”
BlackRock is continuing to innovate in the ETF space, releasing new iShares ETFs on a frequent basis. The iShares Russell 1000 Growth ETF (IWF ) remains one of the largest BlackRock funds, with over $100 billion in assets under management.
For more information, please visit VettaFi.com | ETF Trends.
