Texans will now be able to invest in an exchange-traded fund (ETF) focused solely on companies headquartered in the state via a new offering from BlackRock, the world’s largest asset management firm.
Texas Equity ETF — listed as “TEXN” on the Nasdaq — launches on Tuesday and will allow investment in nearly 200 companies whose headquarters are located in the state. BlackRock filed the proposal with the Securities and Exchange Commission on June 12 this year, though an initial filing had been made back in March.
