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Reuters: Tel Aviv bourse to launch index of top Israeli technology firms

Published on Mar 25 2015 // Business and Financial News, Market

Tue Mar 24, 2015 9:54am EDT – (Reuters) – The Tel Aviv Stock Exchange (TASE), seeking to reverse a decline in trading volumes and company listings, is launching a “Start-Up Nation” index of top Israeli technology companies traded around the world, it said on Tuesday.

The new “TA-BIGITech” index, launched in cooperation with BlueStar Indexes, will comprise 57 Israeli and Israeli-related tech firms traded in New York, London and Tel Aviv, with a total market value of $75 billion.

It aims to tap growth in so-called passive investing, where money managers track indexes rather than individual stocks.

“(The new index) provides international investors convenient access to Israeli high-tech companies trading on various markets,” TASE Chief Executive Yossi Beinart said in a statement….Read More>>

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