TXBIZNEWS
On June 24, 2025, BlackRock launched the iShares Texas Equity ETF (NASDAQ: TEXN), providing investors with targeted exposure to the Texas economy through an exchange-traded fund, as detailed in a press release today.
The Details:
- TEXN tracks the Russell Texas Equity Index, investing in nearly 200 Texas-headquartered companies, with an expense ratio of 0.20%.
- Texas, with a $2.7 trillion GDP in 2024—growing at 3.5% annually—ranks as the world’s eighth largest economy, hosting 1 in 10 U.S. public companies.
- Since 2015, over 300 companies have relocated to Texas, which saw a population surge past 31 million in 2024.
- Joe DeVico, Head of the Americas Client Business at BlackRock, said, “TEXN presents a new opportunity… to capitalize on Texas’ twin engines of business and population growth.”
- BlackRock manages $380 billion in Texas public company assets, including $115 billion in oil and gas, serving 2.2 million Texas investor accounts.
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