BlueStar announced the semi-annual update of the TA-BIGITechTM Index, which includes the Israeli or Israeli-linked high-tech companies traded in Tel Aviv and/or abroad.
Following the update, which will take effect on Monday, June 22, 2015, the Index will include 67 companies with an aggregate market cap of approx. $84 billion.
38 companies are traded only abroad (in the U.S., London and Singapore), 26 companies are dual-listed and 3 companies are traded only in Tel Aviv.
The semiannual update added 17 companies to the TA-BIGITechTM Index, including the dual companies Opko, Protalix, RedHill, Magic, Gilat and BioLine, as well as Elron, which is traded only in Tel Aviv.
As recalled, in March 2015, the Tel Aviv Stock Exchange signed a cooperation agreement with BlueStar Indexes – a New-York based investment research company engaged in the development of global indices, and this is the first index to include Israeli high-tech companies that are traded on several markets. TA-BIGITechTM can serve as the underlying benchmark for index funds, Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) issued in Israel and abroad.
TA-BIGITechTM Index page on the Tel Aviv Stock Exchange website:
Attached are the index's composition and stock weights as of June 2015.
