TEL AVIV, Israel -- Investors seeking exposure to Israel's market in the wake of Berkshire Hathaway's (BRK.A) $5 billion purchase of Iscar will soon be offered an all-Israeli options index, the first of its kind.According to sources close to the matter, the index is being planned for a mid-June launch, pending final legal approval of the agreement between the exchange and the broker-dealer firm. The index, which will be administered by Hapoalim Securities USA and traded on the Philadelphia Stock Exchange, will consist of 16 Israeli companies that trade dually on the Tel Aviv market and on the New York Stock Exchange or Nasdaq as American depositary receipts.
Israeli Options Index Nears
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