US EditionBlackRock Launches Texas ETF
- On Tuesday, BlackRock introduced the iShares Texas Equity ETF , a fund focused solely on investing in companies based in Texas.
- This launch responds to Texas's strong economic growth, low taxes, business-friendly policies, and influx of over 300 firms relocating since 2015.
- The ETF tracks the Russell Texas Equity Index and includes nearly 200 companies, with 35% of assets from Dallas-Fort Worth and 38% from Houston.
- BlackRock manages about $380 billion tied to Texas public companies, and Joe DeVico called TEXN a new opportunity to capitalize on Texas's business and population growth.
- The launch strengthens BlackRock's presence in Texas despite political tensions over ESG investing, and it aligns with Texas's role as the nation's top energy producer.
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BlackRock Launches Texas ETF as State Draws Investor Interest
·New York, United States
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Total News Sources14
Leaning Left2Leaning Right0Center6Last UpdatedBias Distribution75% Center
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- 75% of the sources are Center
75% Center
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C 75%
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