Today, BlackRock's management opened the Tel Aviv's Stock Exchange trading day by Celebrating the Launch of iShares TA-25 UCITS ETF.
Mr. Rob Kapito, President, BlackRock said: “The launch of iShares TA-25 is an incredible milestone. It is the first Europe-domiciled ETF to allow foreign investors to invest in the Israeli market, and will help improve liquidity on the local Exchange. This launch is a strong indication of our commitment to innovation and to the Israeli market. It has been a pleasure to partner with the Tel Aviv Stock Exchange”
Mr.Yossi Beinart, CEO of TASE said: "This is a dream come true for us and we are proud on BlackRock's launch of an exchange traded fund for European investors to invest directly in the TA-25 index. The launch of the ETF will provide an opportunity for global investors to invest in the Israeli economy"
The iShares TA-25 Israel UCITS ETF (TASE) is the first physically-replicating ETF in the world to access the 25 largest companies listed on the Tel Aviv Stock Exchange. The underlying index of the fund, TA-25, places an upper limit on the size of its constituents so that no single company accounts for more than 10% of the total index.
From left to right:
Yossi Beinart- CEO of TASE, Amnon Neubach - Chairman of the Board of TASE, Mr. Rob Capito, President of BlackRock and his wife Ms. Ellen Capito, Alex Pollak- Head of BlackRock in Israel, Issac Nissan - Head of Strategic Products Development and International Relations
Photo: Kobi Kantor
