iShares ETFs cover a broad range of asset classes, risk profiles and investment outcomes. To understand the appropriateness of this fund for your investment objective, please visit our product webpage.
iShares Nasdaq Top 30 ETF (ITEK)
https://www.blackrock.com/au/products/328189/
This product is likely to be appropriate for a consumer:
• who is seeking capital growth
• using the product for a minor component of their portfolio or less
• with a minimum investment timeframe of 5 years, and
• with a high to very high risk/return profile
iShares S&P 500 ETF (IVV)
https://www.blackrock.com/au/products/275304/
This product is likely to be appropriate for a consumer:
• who is seeking capital growth
• using the product for a core component of their portfolio or less
• with a minimum investment timeframe of 5 years, and
• with a medium to high risk/return profile
iShares US Factor Rotation Active ETF (IACT)
https://www.blackrock.com/au/products/343627/
This product is likely to be appropriate for a consumer:
• who is seeking capital growth and/or income distribution
• using the product for a core component of their portfolio or less
• with a minimum investment timeframe of 5 years, and
• with a high to very high risk/return profile
Own the world’s biggest companies
Why invest in US equities?
The US is the world’s largest economy, and its share market includes many of the world’s most profitable and influential companies. Over the past decade, US equities have materially outperformed Australian shares, driven by stronger earnings growth and higher exposure to sectors like technology and healthcare.
Growth of $10,000 over 10 years: S&P 500 vs ASX 200 Index
Source: S&P Dow Jones Indices, based on price returns of S&P 500 and ASX 200 Index in Australian dollar terms from 26 May 2016-26 May 2026. Past performance is not a reliable indicator of future results. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index.
Importantly, the composition of the US market looks very different to the themes and companies Australian investors are typically exposed to at home. While the ASX is heavily weighted toward banks and mining companies, the US market provides broader access to industries driving structural global growth — including artificial intelligence, semiconductors, software and digital consumer platforms.
This difference has become even more important in recent years as US megacap technology companies have increasingly dominated global market performance. Companies such as Microsoft, Apple and NVIDIA1 - the world’s three largest companies by market cap2 - have benefited from accelerating investment in AI infrastructure, cloud computing and digital transformation. Looking ahead, we expect these trends to continue shaping equity market leadership over the medium term, with projected annual earnings growth for US equities around double that of Australian shares in 2026 and 20273.
Why use ETFs for US investing?
ETFs can help investors access US equities in a simple, transparent and cost-efficient way. Rather than selecting individual shares, investors can gain diversified exposure to hundreds of companies through a single ASX-listed investment.
While Australian equities remain an important source of income and diversification, global equities — particularly US shares — continue to play a growing role in portfolio construction, with the US market now representing around 72% of the benchmark MSCI World Index4.
As structural growth themes become increasingly concentrated in global technology and innovation leaders, many investors are looking beyond domestic markets to access a broader set of opportunities.
Three long-term growth themes powered by US innovation
*Securities mentioned are within the top 10 holdings of the iShares Nasdaq Top 30 ETF as of 28 May 2026. Portfolio holdings are subject to change. The specific securities identified and described do not represent all of the securities purchased or sold, and no assumptions should be made that they were or will be profitable. For illustrative purposes only. This is not a recommendation to invest in any particular financial product.
Using iShares ETFs, investors can build diversified portfolios that combine local and international exposures in a simple and scalable way — helping them stay invested in the trends shaping the future global economy.
Melissa Vincent: Hi, my name's Melissa Vincent, and I work at the Private Wealth team here at BlackRock and very excited to have Mark Marex joining me here today. Mark is the Global Head of Index Insights at the Nasdaq, and, today, we're going to be talking about our Nasdaq Top 100 Top 30 ETF ITEK. Mark, thanks for joining me here today.
Mark Marex: Pleasure to be here.
Melissa Vincent: The Nasdaq-100 has become closely associated with some of the world's most largest and influential companies. What does the Nasdaq-100 Top 30 aim to capture that investors might not get exposure from from a broader Nasdaq-100?
Mark Marex: This is all about focused exposure, right? So this is a subset of the Nasdaq-100 itself, which does track 100 of the largest non-financial companies listed on the Nasdaq stock market. This index really focuses that exposure down to the 30 largest. And so when you look at the types of companies that populate those top 30 ranks of the Nasdaq-100, for the most part, right, what you're seeing is companies sort of that fall into that mega-cap spectrum of size where you're talking, you know, $100, $200 billion of market cap.
Melissa Vincent: And these mega-cap companies that we've spoken about, they really have been major drivers of market returns in recent years. Do you see this as a lasting structural shift in the market, or do you think there's risk that leadership can become too concentrated in some of these companies?
Mark Marex: People have understandably become, you know, very enamoured with, call it the MAG7, or call it the Nasdaq mega caps over the last few years, because a lot of them have done phenomenally well, and they have at times driven an outsized proportion of the performance of not only the Nasdaq-100, but even something like the S&P 500 itself, which is quite a bit broader of a benchmark in the U.S. And so it proves, right, that the mega-cap companies, while they often lead, they don't always lead, and they don't always have to lead for something like NDX30 or NDX itself to continue to doing well. And so I do think there is some truth to that idea that mega-cap tech companies in particular are able to establish somewhat of a structural lead in a lot of these areas by virtue of being able to scale and compound and grow earnings and cashflow and revenue at a rate that allows them to continuously reinvest, continue to stay ahead of a lot of their competitors, and establish this kind of dominant position. Now, is it going to go on forever? I think it can go on for longer than perhaps the really established dominant companies of the 20th century were able to stay in leadership positions in other sectors because of that very unique nature of technological innovation.
Melissa Vincent: On those innovation-led companies that you've been speaking about in the index, the index has some rules that kind of limit how much any one company can dominate the index. Why do you think that that's important?
Mark Marex: I think in every passive benchmark that's out there, there should be some type of rule, some type of capping mechanism that prevents excess concentration. As a general rule, I think that's a good idea. But especially when you look across the landscape of market cap today and just how much really is concentrated at the top.
Melissa Vincent: So many of the companies in the index are tied to themes that you've spoken about already, your artificial intelligence, cloud computing, digital advertising, streaming, consumer technology. What of these themes do you think are going to be most important to investors over the coming years?
Mark Marex: I think AI wins hands down on that one, just because it is so far reaching and it encompasses a lot of other themes. And even if it doesn't directly encompass other themes, it somehow ends up pulling them into its orbit because of the sort of universal application of AI across different sectors and across different job functions and across different use cases.
Melissa Vincent: Absolutely. It was going to be very interesting to see. Finally, for an Australian investor whose domestic market, you know, probably has a little bit less exposure to these kind of big tech and pharma names, how do you think the Nasdaq-100 Top 30 can fit into a diversified portfolio?
Mark Marex: We get this question from global investors, international investors quite regularly, and it's true. There are very, very few markets outside the U.S. that are exposed to technology as a sector and tech-adjacent companies and sectors to the extent that the U.S. is, right? You think of a few of the smaller economies in East Asia like South Korea and Taiwan, they certainly have that exposure.
Melissa Vincent: You can access the iShares Nasdaq-100 Top 30 ETF through the ticker code ITEK. Thanks.
Access the companies shaping the future
The US is home to many of the world’s largest and most innovative companies, with exposure to powerful structural themes including artificial intelligence and technology. Hear from Nasdaq's Global Head of Index Insights, Mark Marex, on what is driving US mega-cap leadership and how this exposure can complement a diversified portfolio.
Access US shares through iShares ETFs
Targeted access to US technology leadership
The iShares Nasdaq Top 30 ETF (ITEK) provides concentrated exposure to the largest companies listed on the Nasdaq, including businesses at the centre of the AI and digital economy themes. Investors increasingly use Nasdaq-focused ETFs to gain targeted access to sectors such as semiconductors, cloud computing, software and next-generation technology platforms.
Broad US equity exposure
The iShares S&P 500 ETF (IVV) tracks the S&P 500 Index, providing exposure to 500 leading US companies in a single trade. IVV includes many of the world’s largest technology and growth businesses, making it one of the most widely used ETFs for accessing the US market.5
For investors looking to reduce currency volatility, the iShares S&P 500 AUD Hedged ETF (IHVV) offers similar exposure with currency hedging back to Australian dollars.
