Lyxor lists first range of UCITS ETFs on the Tel Aviv Stock Exchange
Lyxor Asset Management and the Tel Aviv Stock Exchange has listed Lyxor’s first ETF on the Tel Aviv Stock Exchange (TASE: TASE).
The Lyxor Robotics & AI UCITS ETF will be listed on April the 20th, while other ETFs – including a suite of Lyxor ESG (Environmental, Social and Governance) ETFs focused on Green Bonds, New Energy, Water, and Climate – will be listed in the next few months.
Lyxor has been present in Israel since April 2017, in collaboration with 4F Distribution Israel – the official representative of Lyxor in Israel – to promote its ETF range to institutional investors, which has resulted in a gradual and consistent increase of its footprint in the market and in brand awareness among local investors. The institutional investor base in non-domestic ETFs has grown by 45 per cent in Israel over the past four years, reaching EUR29 billion of assets under management in Q3 2020.
The direct listing of its ETFs on the Tel Aviv Stock Exchange will allow Lyxor to further strengthen its presence in a market globally recognized as a hub for technology and innovation while also providing direct access to Israeli retail investors, who are showing increasing appetite for ETFs. Lyxor’s Robotics & AI UCITS ETF – which has a 2 per cent exposure to Israeli companies – was the logical and most appropriate choice for a first listing.
Matthieu Mouly, Lyxor ETF Chief Client Officer, says: “The listing of this first range of Lyxor ETFs on the Tel Aviv Stock Exchange represents a natural progression after Lyxor's entry into the rapidly expanding Israeli ETF market four years ago. Lyxor is pleased to further increase its concrete presence in Israel through the listing of an innovative range of instruments designed to meet the evolving needs of Israeli investors, notably in the field of ESG. We can rely on the fruitful collaboration with our trusted partner 4F Distribution Israel to cater to the whole range of Israeli investors, from institutional to retail, with simple and affordable investment solutions”.
Liran Zvia, CEO & Partner at 4F Distribution Israel, says: "We are proud to have brought a brand like Lyxor to the local stock exchange. Lyxor is a pioneer in the areas of ESG, Climate and Thematic investing, and listing on TASE expands access to its ETFs to a broad client segment, including bank advisors and portfolio managers, able to purchase ETFs on the Tel Aviv Stock Exchange in local currency (NIS)".
Ittai Ben-Zeev, CEO at Tel Aviv Stock Exchange, adds: "Lyxor’s decision to list its ETFs is a real expression of confidence in the Israeli capital market and in the Tel Aviv Stock Exchange. The listing will allow local investors to access to a wider range of investments and is part of our strategic plan to expand the range of services and products available to Israeli investors.”