Blackrock plans to launch the Nasdaq 100 ETF to challenge the dominant position of Samsung.

BlackRock is now setting its sights on a niche area of the US ETF market with assets of $13.7 trillion that has long been dominated by Samsung: tracking the Nasdaq 100 index. According to documents filed with the US Securities and Exchange Commission on Monday, the iShares Nasdaq 100 ETF will track this index, with the trading symbol IQQ. If the fund is launched, IQQ will become one of the few US-listed ETFs specifically tracking the Nasdaq 100 index, and the first of its kind not managed by Samsung.