BlackRock has introduced three new US equity ETFs designed to enable investors to express more granular views on large- and mega-cap companies.

Rachel Aguirre, US Head of iShares Products at BlackRock.

Additionally, the top 20 largest companies have contributed more than two-thirds (68%) of the S&P 500’s performance over the past three years, demonstrating the ability of mega-cap stocks to drive the market’s return.

The new funds include the iShares Top 20 US Stocks ETF (TOPT US), which targets the 20 largest companies in the S&P 500; the iShares Nasdaq Top 30 Stocks ETF (QTOP US), which focuses on the 30 largest firms from the Nasdaq 100; and the iShares Nasdaq-100 ex Top 30 ETF (QNXT US), which invests in the remaining Nasdaq 100 stocks outside of those included in QTOP.

TOPT is listed on NYSE Arca, while QTOP and QNXT trade on Nasdaq. Each ETF comes with an expense ratio of 0.20%.

The trio form part of BlackRock’s iShares Build ETFs – a new suite of funds offering the portfolio building blocks to customize US market cap exposure. Other ETFs in the suite include the $930 million iShares MSCI USA Equal Weighted ETF (EUSA US), which delivers equally weighted exposure to US large- and mid-cap equities, and the $14.1 billion iShares S&P 100 ETF (OEF US), which consists of the 100 largest US-listed stocks weighted by float-adjusted market capitalization. EUSA and OEF come with expense ratios of 0.09% and 0.20%, respectively.

Rachel Aguirre, US Head of iShares Products at BlackRock, commented: “The iShares Build ETFs help investors harness the power of growth and innovation within the largest US companies in a precise way. Now is the time for investors to rethink their market exposure and how they can aim to capitalize on the growth potential of these companies.

“The beauty of these ETFs is that they can be used by investors looking for more targeted exposure to mega caps or those looking to broaden their exposure to large, well-known companies.”