Texas Capital launches Government Money Market ETF

Texas Capital Bank Private Wealth Advisors and the Texas Capital Funds Trust announced the launch of the Texas Capital Government Money Market ETF. This ETF will hold highly liquid, short-term U.S. government debt instruments and cash equivalents, providing an exchange-traded investment option for investors focused on managing credit risk and preserving capital. The MMKT ETF is the latest fund launched by Texas Capital ETF & Funds Management, whose managed ETFs include the flagship Texas Capital Texas Equity Index ETF that helps investors gain investment exposure to the diversity and growth of the eighth largest economy in the world, Texas. Complementing Texas Capital’s other funds, the MMKT ETF is designed to provide investors with a government money market fund in the form of an ETF, combining the intraday liquidity and flexibility of an ETF with the risk and return characteristics of a money market fund.