Traditional Asset Managers Nasdaq-100 ETF Flows

Research evidence excerpt

J P M O R G A N

North America Equity Research

05 August 2026

Traditional Asset Managers

Nasdaq-100 ETF Flows

BlackRock’s IQQ delivered inflows of $8mn on Tuesday (Aug 4), after $10mn of

net sales on Monday. State Street’s QNDX delivered inflows of $15mn on Tuesday.

Brokers, Asset Managers &

Exchanges

Kenneth B. Worthington, CFA AC

Figure 1: Nasdaq 100 ETFs: Daily Flows and Trading Volumes

(1-212) 622-6613

Michael Cho

(1-212) 622-3619

Madeline Daleiden

(1-212) 622-4911

J.P. Morgan Securities LLC

JPM research: Tracking the Traditionals

(sector data book)

JPM research: QQQ Competition

Broadens

JPM research: Higher ETF Distribution

Costs Ahead

QNDX was launched on June 23, 2026 with ~$5mn (primarily seed) and IQQ was launched on July 9, 2026 with ~$25mn (primarily

seed).

IQQ fee rate of 10bps includes a fee waiver thru July 31, 2027.

Source: Bloomberg Finance L.P.