Should it launch, IQQ would become one of just a handful of U.S.-listed ETFs to solely track the Nasdaq 100, and the first one to not be managed by Invesco. Exchange-operator Nasdaq has been historically selective about licensing out its namesake index, comprising the 100 largest non-financial companies listed on the Nasdaq exchange, since its creation in 1985. While other ETFs that add derivatives to the Nasdaq 100 stocks trade stateside, Invesco has enjoyed virtually exclusive access to the pure Nasdaq 100 in the U.S. market. That relationship has produced the US$374 billion Invesco QQQ Trust Series 1 fund (ticker QQQ), one of the largest ETFs globally, as well as the US$70 billion Invesco Nasdaq 100 ETF (QQQM).