ISE ETF Ventures announced today the expansion of its partnership with BlueStar Indexes, a provider of Israeli-focused investment research, by launching the jointly developed BlueStar Israel Global Technology Index, "BIGTech" (Ticker: BGTH). BIGTech provides a benchmark for investors interested in tracking the broadest and deepest universe of Israeli technology-focused public companies, irrespective of listing venue. BIGTech was also licensed to KSM Sal Indices Certificates Ltd. of Israel as the basis for a new mutual fund; ISE ETF Ventures signed a separate agreement last year with KSM to license the ISE Water Index for the KSM Water Fund. This is the second index launched through the BlueStar partnership, with the first being the BlueStar Israel Global Index , "BIGI" (ticker: BLS), which launched in June 2013.
Kris Monaco, Head of ISE ETF Ventures said, "The newest index developed through this partnership provides investors with exposure to the vibrant technology sector in Israel and serves as an ideal follow-up to the BIGI. As our partnership with BlueStar Indexes continues to grow, we look forward to developing innovative products to provide access to the market of publicly-traded Israeli companies."
Steven Schoenfeld, founder of BlueStar Indexes added, "BlueStar is proud to partner with ISE ETF Ventures in launching the first broad, inclusive and global index for Israeli Tech companies. The booming Israeli technology sector is a world leader in innovation across a range of industries, and now there's an index that tracks its success, incorporating companies that are listed on both the Tel Aviv Stock Exchange and global markets, including the U.S."
To learn more about BIGTech, please visit www.ise.com/bgth.
FTSE Mondo Visione Exchanges Index:
ISE ETF Ventures And BlueStar Indexes Expand Partnership - Launch BlueStar Israeli BIGTech Index
Date 29/01/2014