Texas Capital Launches Texas Equity Index ETF

Texas Capital Bank Private Wealth Advisors, in partnership with the Texas Capital Funds Trust, has announced the launch of the Texas Capital Texas Equity Index ETF (TXS). The ETF aims to track the performance of the Texas Capital Texas Equity Index, consisting of public companies headquartered in the state of Texas. The index is constructed to reflect the overall performance of the Texas economy, which boasts a GDP of $2.36 trillion, ranking it as the ninth largest in the world. With the launch of TXS, investors worldwide gain access to the opportunities offered by Texas’ pro-business environment, favorable cost of living, net migration, and renowned universities. The ETF will be managed by J. Steven Orr, the chief investment officer of Texas Capital Bank Private Wealth Advisors, bringing over 30 years of portfolio management experience.