This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Market Vectors Launches Israel ETF (ISRA)

Market Vectors ETF Trust announced today that it has launched the Market Vectors Israel ETF (NYSE Arca: ISRA), an exchange-traded fund (ETF) designed to provide investors with broad exposure to Israel’s dynamic equity market.

“Israel is uniquely positioned to offer investors emerging market growth characteristics with a developed market approach to economic management,” said Amrita Bagaria, ETF Product Manager with Market Vectors. “The country has a vibrant economy with broad sector representation. With that in mind, we have selected an index for ISRA that best represents the Israeli market and captures the full spectrum of economic growth potential.”

ISRA seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BlueStar Israel Global Index (BLSTR), a rules-based index of Israeli and Israeli-linked companies intended to track the overall performance of the largest and most liquid companies, as well as mid-cap and small-cap companies that display sufficient liquidity. To qualify for inclusion in BLSTR, a company must be listed, domiciled, or founded in Israel, or it must generate the majority of its revenues in Israel. Stocks in the index generally trade on the Tel Aviv Stock Exchange but also include Israeli-domiciled companies listed outside of the country.

“In designing the Index, we wanted to set a high bar for inclusion,” said Steven Schoenfeld of BlueStar Global Investors LLC. “It was important that each constituent have a deep involvement in Israel’s growth. We believe we’ve been able to accomplish that, and we are pleased to provide the underlying index for ISRA.”

As of June 24, 2013, the Index’s top three sectors were Information Technology (representing 29.9 percent of the holdings), Health Care (26.3 percent) and Financials (19.1 percent).

Market Vectors noted that an investment of this kind is not without risks, including those associated with investments in foreign securities, in particular Israeli issuers, which include, among others, greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity, and political instability, including territorial disputes, historical animosities, or security concerns, and heavy dependence upon trade relationships.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs