TASE announces today a collaboration with Analyst Mutual Funds, as part of which TASE will launch, for the first time, 6 new exclusive and lucrative indices for Analyst: 3 equity indices and 3 Tel Bond indices. These high-quality indices will offer investors top-tier value and standards. For the first time, Analyst will launch index-tracking funds & ETFs exclusively for TASE indices, expanding the variety of investment products and enhancing competition. Moreover, Analyst Mutual Funds also plans to launch, for the first time, tracking funds on non-exclusive TASE indices, further enhancing competition for the benefit of the investors.
This is one of the first major moves by Oron Blutman, the CEO of Analyst Mutual Funds, who took office just recently in May. Analyst Mutual Funds’ AUM exceeds NIS 15 billion, the vast majority of which is concentrated in active mutual funds. Analyst ventured into the tracking funds’ sector in 2021, and currently offers only 13 tracking funds. The collaboration with TASE for the launch of 6 exclusive indices is a significant milestone for the company, expanding Analyst’s range of products and boosting its tracking funds’ activity.
This move will further the upgrading and development of indices, in alignment with international practices and on par with the most advanced and innovative standards, increase the variety of products and enhance the competition in the capital market. The launch of the new exclusive indices will enable Analyst to offer a wider variety of passive products tracking Israeli indices, in general, and TASE’s indices, in particular. Analyst is joining Harel, KSM and Yelin Lapidot, which have launched more than 20 exclusive indices with TASE.
The AUM of assets tracking the TASE indices is NIS 84 billion, while the Israeli indices’ sector holds an AUM of NIS 235 billion. The development of the indices’ arena and expansion of activity in the local capital market through TASE is designed to strengthen the Israeli economy, especially during these challenging times.
Oron Blutman, CEO of Analyst Mutual Funds, said: “The collaboration with TASE is an important strategic move for both the company and Israeli investors. The new indices, which are the product of meticulous planning, analysis and research on our part, are a game changer for the investors and will revolutionize the local capital market. This is the first step in a series of moves that are designed to position Analyst as a dominant, innovative and leading company also in the field of passive investments.
Itzik Shenidovski, CEO of Analyst Investment House, added: “This collaboration with Israel’s leading index editor for the launch of exclusive indices is an important step for the company. Analyst, one of Israel’s longest-standing financial institutions, will mark its 40th anniversary next year. We are committed to continue offering our customers innovative and valuable investment products.”
Yaniv Pagot, Head of Trading at TASE, said: “We are delighted to create exclusive indices with Analyst, thereby expanding the variety of investment products and enhancing competition in the capital market. Moving forward with the launch of new exclusive indices opens up new channels of investment and creates a healthy competition that benefits the public. The exclusive creation of indices is integral to TASE’s strategy of upgrading the Israeli indices’ sector to facilitate the offer of a greater and better variety of passive investment products to the public.”
