Latest news with #EliseTerry
Yahoo
19 hours ago
- Business
- Yahoo
BlackRock Launches Texas ETF, Opens Greater Access to Invest in Growing Texas Economy
The iShares Texas Equity ETF (TEXN) offers investors exposure to the breadth of economic opportunity in the state DALLAS, June 24, 2025--(BUSINESS WIRE)--Today, BlackRock launched the iShares Texas Equity ETF (NASDAQ:TEXN), opening greater access to invest in the strength and diversity of the Texas economy through the efficiency and convenience of an exchange-traded fund (ETF). TEXN invests in U.S. companies headquartered in Texas, providing investors targeted exposure to a dynamic state economy. Texas leads the nation in business and population expansion. As a hub for innovation and enterprise, Texas is home to 1 in 10 publicly traded companies in the U.S.1 Since 2015, more than 300 companies have moved their headquarters to the state,2 reinforcing its role as a national leader across sectors such as energy, technology, and industrials. In addition, Texas ranked first in population growth in 2024, surpassing 31 million in total population.3 Now the eighth largest economy in the world by GDP on a standalone basis, Texas has demonstrated strong economic momentum in recent years. In 2024, the state's GDP reached a record $2.7 trillion, growing at an annualized rate of 3.5% in the fourth quarter, outpacing the national average of 2.4%.4 "TEXN presents a new opportunity for Texans, and investors across the country, to invest in nearly 200 companies powering the state's economy and to capitalize on Texas' twin engines of business and population growth," said Joe DeVico, Head of the Americas Client Business at BlackRock. Simplifying access to the Texas economy through TEXN TEXN joins BlackRock's deep bench of geography-based product offerings, including over 60 mutual funds and ETFs with over $100 billion in assets under management, that target a single-country or region.5 "With over 400 ETFs in the U.S., iShares provides access to nearly every corner of the market to meet our clients' financial goals," said Elise Terry, Head of U.S. iShares at BlackRock. "TEXN offers more choice to investors seeking convenient, tax-efficient, and transparent ways to build portfolios that reflect their investment views." BlackRock manages close to $380 billion in assets in public companies in Texas,6 including $115 billion in Texas oil and gas companies, making it one of the largest investors in the state.7 Today, there are 2.2 million Texas-based investor accounts served through iShares ETFs, and with TEXN, Texas-based clients now have a new way to invest in the state's economy through iShares.8 iShares® Texas Equity ETF Listing Exchange Nasdaq Ticker TEXN Underlying Index Russell Texas Equity Index Expense Ratio 0.20% About BlackRockBlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit | Twitter @blackrock | LinkedIn: About iSharesiShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and $4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting or Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Russell, nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Russell. The iShares and BlackRock Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock"). © 2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners. 1, 2, 3, 4 Office of the Texas Governor, as of May 2025.5 BlackRock, as of May 2025.6, 7, 8 BlackRock. For more information, visit the BlackRock in Texas page. View source version on Contacts Media Contact Joanna Yau 646-856-7274 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19 hours ago
- Business
- Business Wire
BlackRock Launches Texas ETF, Opens Greater Access to Invest in Growing Texas Economy
DALLAS--(BUSINESS WIRE)--Today, BlackRock launched the iShares Texas Equity ETF (NASDAQ:TEXN), opening greater access to invest in the strength and diversity of the Texas economy through the efficiency and convenience of an exchange-traded fund (ETF). TEXN invests in U.S. companies headquartered in Texas, providing investors targeted exposure to a dynamic state economy. Texas leads the nation in business and population expansion. As a hub for innovation and enterprise, Texas is home to 1 in 10 publicly traded companies in the U.S. 1 Since 2015, more than 300 companies have moved their headquarters to the state, 2 reinforcing its role as a national leader across sectors such as energy, technology, and industrials. In addition, Texas ranked first in population growth in 2024, surpassing 31 million in total population. 3 Now the eighth largest economy in the world by GDP on a standalone basis, Texas has demonstrated strong economic momentum in recent years. In 2024, the state's GDP reached a record $2.7 trillion, growing at an annualized rate of 3.5% in the fourth quarter, outpacing the national average of 2.4%. 4 'TEXN presents a new opportunity for Texans, and investors across the country, to invest in nearly 200 companies powering the state's economy and to capitalize on Texas' twin engines of business and population growth,' said Joe DeVico, Head of the Americas Client Business at BlackRock. Simplifying access to the Texas economy through TEXN TEXN joins BlackRock's deep bench of geography-based product offerings, including over 60 mutual funds and ETFs with over $100 billion in assets under management, that target a single-country or region. 5 'With over 400 ETFs in the U.S., iShares provides access to nearly every corner of the market to meet our clients' financial goals,' said Elise Terry, Head of U.S. iShares at BlackRock. 'TEXN offers more choice to investors seeking convenient, tax-efficient, and transparent ways to build portfolios that reflect their investment views.' BlackRock manages close to $380 billion in assets in public companies in Texas, 6 including $115 billion in Texas oil and gas companies, making it one of the largest investors in the state. 7 Today, there are 2.2 million Texas-based investor accounts served through iShares ETFs, and with TEXN, Texas-based clients now have a new way to invest in the state's economy through iShares. 8 About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit | Twitter @blackrock | LinkedIn: About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and $4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting or Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Russell, nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Russell. The iShares and BlackRock Funds are distributed by BlackRock Investments, LLC (together with its affiliates, 'BlackRock'). © 2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners. 1, 2, 3, 4 Office of the Texas Governor, as of May 2025. 5 BlackRock, as of May 2025. 6, 7, 8 BlackRock. For more information, visit the BlackRock in Texas page.
Yahoo
16-04-2025
- Business
- Yahoo
TOPC: BlackRock Caps Mega-Stocks at 3% with New ETF
BlackRock, Inc (BLK) launched the iShares S&P 500 3% Capped ETF (TOPC) Wednesday, providing an alternative for investors concerned about the outsized influence of mega-cap stocks in the U.S. equity market. The new ETF seeks to provide balanced exposure to the S&P 500 companies while preventing any single stock from dominating performance, addressing a growing concern that just seven companies are now worth more than the entire $15 trillion U.S. stock market valuation from 2000, according to a press release announcing the fund. "TOPC introduces a timely innovation to help investors build their core U.S. equity exposure," said Elise Terry, head of U.S. iShares at BlackRock, in the company's announcement. Terry added that the fund aims to offer greater sector diversification while maintaining comparable exposure to the broad market index. According to the prospectus, the fund tracks the S&P 500 3% Capped Index, which caps individual company weights at 3% during quarterly rebalancing. When a stock exceeds that threshold, its excess weight is redistributed to the remaining holdings based on market capitalization. BlackRock has set TOPC's expense ratio at 0.15% but, as stated in the prospectus, a contractual fee waiver reduces the net expense ratio to 0.09% through April 2026. The ETF addresses shifts in market concentration that have seen technology giants increasingly dominate index performance. While the iShares S&P 500 ETF (IVV) now has approximately 32% exposure to information technology, TOPC reduces that to 23%, based on data provided by BlackRock. The fund also reduces mega-cap concentration compared to traditional S&P 500 ETFs. While the top 20 mega-caps represent 48% of IVV, they account for just 38% of TOPC, according to BlackRock. TOPC's capping mechanism creates a more balanced sector allocation, with financial services representing 16% of the fund compared to 14% in IVV. TOPC joins BlackRock's "iShares Build" lineup, which the company describes as an equity toolkit providing "portfolio building blocks to help manage U.S. market-cap exposure." According to the press release, BlackRock manages more than $18 billion across this ETF family. The fund launched with approximately $5 million in assets and 500 holdings as of April 15, according to | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
16-04-2025
- Business
- Yahoo
TOPC: BlackRock Caps Mega-Stocks at 3% with New ETF
BlackRock, Inc (BLK) launched the iShares S&P 500 3% Capped ETF (TOPC) Wednesday, providing an alternative for investors concerned about the outsized influence of mega-cap stocks in the U.S. equity market. The new ETF seeks to provide balanced exposure to the S&P 500 companies while preventing any single stock from dominating performance, addressing a growing concern that just seven companies are now worth more than the entire $15 trillion U.S. stock market valuation from 2000, according to a press release announcing the fund. "TOPC introduces a timely innovation to help investors build their core U.S. equity exposure," said Elise Terry, head of U.S. iShares at BlackRock, in the company's announcement. Terry added that the fund aims to offer greater sector diversification while maintaining comparable exposure to the broad market index. According to the prospectus, the fund tracks the S&P 500 3% Capped Index, which caps individual company weights at 3% during quarterly rebalancing. When a stock exceeds that threshold, its excess weight is redistributed to the remaining holdings based on market capitalization. BlackRock has set TOPC's expense ratio at 0.15% but, as stated in the prospectus, a contractual fee waiver reduces the net expense ratio to 0.09% through April 2026. The ETF addresses shifts in market concentration that have seen technology giants increasingly dominate index performance. While the iShares S&P 500 ETF (IVV) now has approximately 32% exposure to information technology, TOPC reduces that to 23%, based on data provided by BlackRock. The fund also reduces mega-cap concentration compared to traditional S&P 500 ETFs. While the top 20 mega-caps represent 48% of IVV, they account for just 38% of TOPC, according to BlackRock. TOPC's capping mechanism creates a more balanced sector allocation, with financial services representing 16% of the fund compared to 14% in IVV. TOPC joins BlackRock's "iShares Build" lineup, which the company describes as an equity toolkit providing "portfolio building blocks to help manage U.S. market-cap exposure." According to the press release, BlackRock manages more than $18 billion across this ETF family. The fund launched with approximately $5 million in assets and 500 holdings as of April 15, according to | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
16-04-2025
- Business
- Yahoo
BlackRock Expands iShares Build ETF Toolkit with Industry's First S&P 500 3%-Capped Weighted ETF
Offers more diversified exposure to the largest U.S. companies without sacrificing market exposure1 iShares Build ETFs designed to optimize U.S. equity exposure NEW YORK, April 16, 2025--(BUSINESS WIRE)--The increasing influence of mega-cap stocks in the U.S. capital market signals the critical need for investors to review their equity exposure to pursue their portfolio goals. Today, BlackRock launched the industry's first 3% capped weighted ETF in the U.S. – the iShares S&P 500 3% Capped ETF (NYSE:TOPC) – providing investors balanced exposure to the 500 largest U.S. companies with greater issuer and sector diversification. "TOPC introduces a timely innovation to help investors build their core U.S. equity exposure," said Elise Terry, Head of U.S. iShares at BlackRock. "Combining the potential benefits of greater sector diversification and comparable exposure to the broad market index, TOPC is another testament to our dedication to equipping investors with a simple toolkit to navigate today's equity markets." The shape of the U.S. equity market has evolved dramatically compared to decades past. In 2000, the entire U.S. stock market was valued at $15 trillion. Fast forward to today, the largest seven companies alone are worth more than $15 trillion2, which means that mega-cap stocks may have an outsized impact on broad market performance and volatility, calling for a considered approach to equity exposure. TOPC seeks to track the investment results of the S&P 500 3% Capped Index, which is composed of the S&P 500 companies capped such that no company has a weight over 3% of the Index as of each quarterly rebalancing. Excess weights are re-distributed to the remaining holdings based on their respective market capitalization to mirror the fundamental characteristics of a market-cap weighted index. TOPC adds another affordable choice to the iShares Build ETFs – an equity toolkit that provides investors with portfolio building blocks to help manage U.S. market-cap exposure with the convenience and flexibility of an ETF. BlackRock manages more than $18 billion in assets across iShares Build ETFs3. iShares Build ETF Line-up Fund Name Ticker Expense Ratio Gross Net iShares S&P 500 3% Capped ETF TOPC 0.15% 0.09%4 iShares Top 20 U.S. Stocks ETF TOPT 0.20% 0.20% iShares Nasdaq Top 30 Stocks ETF QTOP 0.20% 0.20% iShares Nasdaq-100 ex Top 30 ETF QNXT 0.20% 0.20% iShares MSCI USA Equal Weighted ETF EUSA 0.09% 0.09% iShares S&P 100 ETF OEF 0.20% 0.20% About BlackRockBlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit | Twitter: @blackrock | LinkedIn: About iSharesiShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and $4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting or Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by MSCI Inc., Nasdaq, Inc. or S&P Dow Jones Indices LLC. None of these companies make any representation regarding the advisability of investing in the Funds. BlackRock Investments, LLC is not affiliated with the companies listed above. © 2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners. 1 Source: S&P Global.2 Source: FactSet, 12/31/2024.3 Source: BlackRock, as of 4/2/2025.4 BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fee such that the Fund's total annual fund operating expenses after fee waiver will not exceed 0.09% through April 3, 2026. View source version on Contacts Media Contact Joanna 646-856-7274
