Michael"BlackRock Saddles Up with #TEXN ETF, Betting on the Lone Star Boom"
🗺️We have country-based #ETFs, global regional ETFs, and state-based muni ETFs, so for some of the largest powerhouse states (or regions), why not state based or U.S. regional ETFs?💡 Seems like an interesting idea, especially for those that want to invest in targeted geographies or jump into corporate and demographically expanding #regions.
LONGHORN LIQUIDITY: In the case of #Texas—where BlackRock sees nearly 200 investable companies and a $2.7 trillion economy—the numbers may make sense. If Texas was a country, it would be the eighth largest in the world🌎, behind Japan, UK, and France, but ahead of Italy, Canada, Russia, Brazil, and South Korea.
Y’all Street — as Dallas’s financial district is known — propels the area past Chicago and Los Angeles.
DEEP IN THE HEART OF MARKETS: Texas may swagger like it’s already the new Gotham, but the Lone Star State’s boots are still chasing New York’s wing tips and Jimmy Choos. Dallas indeed just leap-frogged Chicago to become America’s No. 2 finance-employment hub, and firms like Goldman, Charles Schwab, and Citadel have been busy trading subway tiles for TX barbecue joints and Florida beaches, but capital-market gravity still lives—at least for a little while longer—in #Manhattan where listing depth, legal infrastructure, and sheer liquidity remain larger.
LONE STAR LIFT-OFF: BlackRock’s new iShares Texas Equity ETF (TEXN) is less a red-state culture rally bugle than a pragmatic bet on a $2.7 trillion economy that happens to pump crude, fab semis, and launch rockets before breakfast. With nearly 200 home-grown names and a vanilla 0.20% fee, it seems to offer investors a Lone-Star-sampler platter, not a MAGA-monolith.
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