Westwood Holdings launches new ETF focused on power ecosystem

Sunoco: Sunoco is a fuel distributor that has decided to move its listing from the NYSE to the Texas Stock Exchange. The shift follows the company's reincorporation in Texas and highlights the practical appeal of the new exchange. It joins other energy and retail firms in relocating. Citadel: Citadel is a major hedge fund and institutional investor that has backed the Texas Stock Exchange. Its participation adds credibility and liquidity potential to the new venue. This aligns with broader institutional interest in Texas's pro-business environment. BlackRock: BlackRock is a prominent global investment manager that has provided backing to the Texas Stock Exchange. Its support helps validate the new exchange as a serious competitor to established venues. The involvement signals institutional confidence in Texas's evolving capital markets infrastructure. Dillard's: Dillard's is a retailer that announced it would shift its listing from the NYSE to the Texas Stock Exchange after reincorporating in Texas in 2025. The move demonstrates how companies are responding to Texas's business court improvements and incorporation ease. It adds to the momentum behind the new exchange. Brian Casey: Brian Casey is the CEO of Westwood Holdings Group and a member of the CNBC CEO Council with deep roots in the Dallas community. He has expressed strong optimism about the Texas Stock Exchange and the factors drawing businesses to the state, including improved business courts and incorporation processes. Casey also highlighted the long-term infrastructure demands tied to AI growth as the rationale for the firm's new energy-focused ETF. Goldman Sachs: Goldman Sachs is a major global financial services firm that has committed to expanding its presence in Dallas with new offices and headcount. Its involvement contributes to the broader shift of financial services activity to Texas from traditional hubs. This move aligns with Texas's growing appeal as a corporate and financial center. Charles Schwab: Charles Schwab is a large brokerage and financial services firm that has supported the Texas Stock Exchange. Its endorsement contributes to the exchange's institutional backing from top players. The move reflects Texas's rising status in financial services. JPMorgan Chase: JPMorgan Chase is one of the largest banks in the world and has announced plans for substantial offices and staffing increases in Dallas. Its participation underscores the migration of financial industry operations to Texas. This builds on the state's advantages in taxes, regulations, and logistics. Morgan Stanley: Morgan Stanley is a leading global financial services company that has pledged significant office space and personnel growth in Dallas. Its expansion supports Dallas's emergence as a key node in the U.S. financial sector alongside other major banks. The firm's actions reflect the state's business-friendly policies attracting Wall Street players. Energy Transfer: Energy Transfer is a major pipeline company that recently announced plans to shift its listing from the NYSE to the Texas Stock Exchange. This move exemplifies corporate migration to Texas amid favorable legal and regulatory conditions. The company is also reincorporating in the state. Westwood Holdings: Westwood Holdings is a Dallas-based asset manager listed on the NYSE that offers a range of investment products including ETFs. The firm serves as an investor in the Texas Stock Exchange and is launching its first ETF on that exchange. This ETF focuses on the power and infrastructure ecosystem supporting AI development. Business Environment: Texas has drawn companies seeking alternatives to Delaware's legal interpretations through strengthened business courts and codified business judgment rules. Exchange Development: The Texas Stock Exchange opened in summer 2026 with backing from major institutions and has begun attracting listings from established companies. AI Infrastructure Focus: Investor attention in AI is expanding beyond chips and hyperscalers to the supporting power generation, grid infrastructure, and related technologies required for sustained growth.