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.

We hope you enjoyed today’s read!

Stay connected with TXLege News on X and LinkedIn!

🎙️We Have a Podcast! 🎙️

Bills and Business is your go-to podcast for conversations related to Texas legislation and business. Hosted by Laura Carr, Co-Founder of USLege—an AI-driven legislative tracking software—we bring you in-depth analysis on economic trends, impactful legislation, and key developments shaping Texas business.

Subscribe on Youtube and Spotify for weekly episodes!

🔍 USLege - The Only AI-First Political Tracking Solution ✨

USLege helps you track legislation and find what you need faster from bills, committee hearings, floor debates, and state agency meetings faster.

Say goodbye to tedious tasks!

You can follow USLege on LinkedIn, Facebook, and X.

🤝 Texas Association of Business 📈

Texas Association of Business (TAB) is the Texas State Chamber, representing companies of every size and industry. TAB’s purpose is to champion the best business climate in the world, unleashing the power of free enterprise to enhance lives for generations.

You can follow TAB on LinkedIn, Facebook, and X.