Archive
BlackRock Launches Texas Equity ETF | TX Biz News
BlackRock Launches Texas Equity ETF
This article is preserved from the TXBIZNEWS archive. Read the complete original issue. For current coverage, read The Political Spotlight.
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.
We hope you enjoyed today’s read!
Stay connected with TXLege News on X and LinkedIn!