State Street Launches New Nasdaq-100 ETF to Compete with Invesco’s QQQ
State Street launched the State Street SPDR Portfolio Nasdaq 100 ETF (QNDX) as a lower-cost alternative to Invesco's popular QQQ fund. The new ETF charges 10 basis points, undercutting QQQ's expense ratio of 18 basis points. With BlackRock also entering the market and competition intensifying, investors now have more options for tracking the Nasdaq-100 index.
Topics: competition ETF Invesco QQQ Nasdaq-100 State Street