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BlackRock (NYSE:BLK) has launched the iShares Texas Equity ETF (NASDAQ:TEXN), providing investors exposure to Texas-headquartered companies. The ETF tracks nearly 200 companies in Texas, which ranks as the world's eighth-largest economy with a GDP of $2.7 trillion.
Texas demonstrated strong economic performance in 2024, with GDP growth of 3.5% in Q4, surpassing the national average of 2.4%. The state hosts 1 in 10 U.S. public companies and has attracted over 300 corporate headquarters since 2015. The TEXN ETF comes with an expense ratio of 0.20% and joins BlackRock's portfolio of over 60 geography-based funds managing over $100 billion in assets.
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