In an effort to expand its industry-leading exchange traded fund, Nasdaq Global Funds has reached a deal with ALPS Mutual Fund Services to wholesale its Nasdaq-100 index tracking stock, popularly known as the QQQ. Terms of the agreement were not released.

"We believe this development will expose more investors to a portfolio that represents companies that are at the forefront of their respective industries," said John Jacobs, CEO, Nasdaq Global Funds, in a statement.

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