Horizon Kinetics Launches an Actively Managed Texas Exchange Traded Fund (TEXX)
Horizon Kinetics LLC has launched the Texas ETF (ticker: TEXX), an actively managed fund that began trading on the Nasdaq Stock Exchange. This marks the seventh actively managed ETF from Horizon Kinetics since 2021. TEXX focuses on Texas-based companies and aims to benefit from the state's growing business activity, driven by its energy resources and favorable corporate environment. The fund's active management strategy seeks to provide returns that complement traditional indexes, targeting sectors underrepresented in those indexes. Horizon Kinetics emphasizes a long-term, value-oriented investment philosophy.
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