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BlackRock has announced its entry into fierce competition with Invesco as it aims to expand its share in the Nasdaq 100 exchange-traded funds (ETFs). This move comes at a time of significant changes in the market.
BlackRock, one of the world's largest asset management firms, is preparing to enter the U.S. exchange-traded funds market, targeting the Nasdaq 100 index currently dominated by Invesco. This move comes amid increasing competition in the American financial market.
A prominent fund manager at Invesco stated that the recent rise in the value of the US dollar since the onset of the war in Iran is merely temporary. She emphasized that the dollar is currently overvalued, raising questions about the sustainability of this increase given the current global economic conditions.