State Street Launches Low-Cost Nasdaq-100 ETF to Expand Core Suite
Event summary
- State Street Investment Management launched the SPDR® Portfolio Nasdaq® 100 ETF (QNDX) on June 24, 2026.
- The new ETF tracks the Nasdaq-100 Index and is priced at 10 basis points.
- QNDX is part of State Street’s SPDR Portfolio ETF suite, which has $433 billion in assets under management as of June 15, 2026.
The big picture
State Street’s launch of QNDX underscores the ongoing shift toward low-cost, growth-oriented core equity products. The move aligns with investor demand for efficient portfolio building blocks amid volatile market cycles. With $433 billion in AUM across its SPDR Portfolio suite, State Street is positioning itself as a key player in the passive investment space.
What we're watching
- Competitive Positioning
- Whether State Street can differentiate QNDX in a crowded large-cap growth ETF market.
- Investor Adoption
- The pace at which investors allocate to QNDX as a core holding versus tactical play.
- Performance Benchmarking
- How QNDX’s tracking error and expense ratio compare to existing Nasdaq-100 ETFs.
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