Abbott's online announcement was greeted with a lukewarm response, including jeers over the state's inability to pay raises to teachers.
“Texas is the only state in America that has its own ETF,” Abbott said in a video posted on X, formerly known as Twitter. “In fact, there are 30 countries across the globe that have a gross domestic product smaller than the state of Texas but have their own ETF. It’s time Texas had its own ETF.”Despite Texas’ strong economic growth, including its
in GDP for the fourth quarter of 2022, the TXS index hasn’t received much fanfare from investors. Its shares have traded between $23 and $25 a share since the July 14 launch.“Great! Now fund public schools and pay teachers,” X user @RobertoCOrtiz commented on Abbott’s video.
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