Westwood Holdings CEO Brian Casey Discusses Dallas' Financial Growth and a New AI-Powered Infrastructure ETF
Dallas is emerging as a major financial hub, often referred to as 'Y'all Street,' competing with Wall Street. This growth has been accelerated by the launch of the Texas Stock Exchange (TXSE), which has attracted companies like Energy Transfer, Sunoco, and Dillard's to shift their listings from NYSE. Westwood Holdings CEO Brian Casey attributes this trend to Dallas' strategic location, business-friendly policies, and improved legal environment for corporations. In addition to supporting TXSE as an investor, Westwood launched the first ETF on the exchange: the Westwood Salient Enhanced Power & Infrastructure ETF (PWRX). The fund focuses on companies involved in power generation, grid infrastructure, and next-generation energy technologies. Casey emphasized that while much of the AI investment focus has been on large-cap tech firms like Nvidia, he sees significant potential in the underlying energy ecosystem supporting AI development. The broader financial shift reflects Texas' appeal due to lower taxes, lighter regulations, and a growing corporate presence across sectors. With major institutional backers such as BlackRock and Citadel behind TXSE, Dallas is positioning itself as an attractive alternative for companies seeking more favorable incorporation environments.
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Topics: business environment in Texas corporate relocation Dallas financial hub Texas Stock Exchange