BlackRock launches ETF that expands beyond the ‘Magnificent Seven’

BlackRock’s iShares has launched a new ETF called TOPT that includes the 20 largest U.S. stocks by market capitalization, not just the popular “Magnificent Seven” tech stocks. The ETF aims to provide investors with a more diversified way to capture the growth of large U.S. companies. This move comes as some investors are concerned about the high valuations of mega-cap companies. While the Magnificent Seven stocks have seen a slight decline recently, they are still up significantly for the year. The iShares Top 20 U.S. Stocks ETF, despite being down since its launch, offers investors an alternative option for investing in large U.S. companies.