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BlackRock and State Street Launch Nasdaq ETFs to Challenge Invesco

BNY (Bank of New York Mellon) global head of ETFs Ben Slavin said the new funds could expand investor choice and put further pressure on fees.

Summary

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Terms & Concepts
  • ETF: An exchange-traded fund, a listed investment vehicle that tracks an index, sector, or asset and trades on an exchange like a stock.
  • Nasdaq: A major U.S. stock exchange and index provider whose benchmarks are widely used for ETF products.