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TASE Launches a New FI Index with Yelin Lapidot Investment House - Tel Bond-CPI Linked Banks Expanded - For the First Time Incorporating CPI-Linked Bank Bonds and COCO Bonds.
In order to raise interest in a tracking fund on the TA-Banks index and encourage competition, Yelin Lapidot will significantly reduce the management fees from 0.45% to 0.24%, the most competitive in this category.
Tel Aviv, February 29, 2024 - TASE announces the exclusive launch of a new index with Yelin Lapidot Investment House, following the launch of 6 other indices exclusively launched with Yelin Lapidot over the past year. The new index, Tel Bond-CPI Linked Banks Expanded, is a specialized index that, for the first time, incorporates bonds in the Banking Sector as well as CoCo bonds.
The launch of the index was made possible by TASE’s cancellation of the trading restriction of NIS 50,000 per unit in CoCo bonds in January and the setting of a minimal order size of NIS 10,000, similarly to that applicable to regular bonds, which ensure better tracking of passive funds on indices that include CoCo bonds.
In addition, Yelin Lapidot announced the reduction, until the end of 2024, of the management fees in a tracking fund on the TA-Banks index from 0.45% to 0.24%, the most competitive management fee in this category, to encourage competition and allow the public better access at a lower cost.
The investment house, which has launched 6 other indices with TASE recently, offers passive tracking of Israeli indices in general and of the TASE indices in particular, and performs research and investment management that contribute to the development of the new TASE indices.
This move is a reflection of TASE’s dedication to enhancing competition and upgrading the development of indices, in alignment with international standards and with the most advanced and innovative standards.
The Tel Bond-CPI Linked Banks Expanded index will be launched on February 29, 2024.
View the composition of the new index>
