A new equity index - TA-Combo 90 and Banks 5, consolidating TA-90 and TA Banks-5 Indices into a single index 6 new non-government bond indices will also be launched Money Market CPI-Linked Perfect Rating Index; Money Market Unlinked Perfect Rating Index; Money Market CPI-Linked Dual Rating Index; Money Market Unlinked Dual Rating Index; Tel-Bond Smart Money Shekel Index; and Tel Bond Smart Money CPI-Linked Index.
The Board of Directors of The Tel-Aviv Stock Exchange (TASE: TASE) approved in its meeting on Thursday (July 18, 2024) the launch of new equity and bond indices.
This includes the launch of a new equity index - “TA-Combo 90 and Banks 5”, consolidating the TA-90 and TA Banks-5 indices into a single combined index. This combined index will provide the weighted yield of a leading market index and of the banking sector, which has demonstrated substantial growth in recent years.
TASE will also launch 6 new bond indices - 4 bond indices will be launched under the “Money Market” series designed for money market funds’ investors seeking a higher yield at a minimal risk, as part of TASE’s strategy of enhancing product diversity. In addition, 2 new Tel Bond indices will be launched on the basis of TASE’s Smart Money system that tracks the activity of the institutional investors.
The creation of new indices is in alignment with TASE’s strategic plan of diversifying, upgrading and developing the Israeli capital market while pursuing collaborations for the development and marketing of specialized indices for specific audiences. In this context, TASE may also grant an exclusive licensing in relation to the aforesaid indices, provided that on the grant date of the exclusive licensing these are not used as underlying assets for any financial instrument.
