Israel Joins the Ranks of Developed Markets
The nation of Israel will soon be upgraded from emerging market to developed market status, a twist that could lend plenty of investment grade credibility to the country. The rating change has a tremendous impact on Israeli equities, as many ETFs and mutual funds will have to exit their positions as the rating is changed. [...]
Middle East Producing Returns that Outpace the World
The Middle East may be riddled with political unrest and near constant warfare, but on the business end, its stock markets could not be performing better. Improving global economic and political conditions have created a conduit for the Middle East to grow into the second richest emerging market in the world. The Middle East isn’t [...]
Thirty-Three New Companies Worldwide Added to the Cleantech Index
The booming Cleantech Index (CTIUS) has expanded its global territory by adding 33 new companies to the mix. The American Stock Exchange lists CTIUS, which is now made up of 76 companies. According to the Business Wire article, approximately half of the companies within the index are non-U.S., and 23 of the newly added companies [...]
MSCI To Make Country Market Reclassifications within the Year
By June of 2009, a handful of countries could have a new MSCI market classification. MSCI Barra has begun discussions on the potential upgrade of South Korea and Israel. Polya Lesova of Market Watch writes that the two countries, currently listed as emerging markets, may be raised to developed market status. South Korea’s currency convertibility [...]
Nothing But ‘Net’ … Northern Trust Drops 2 ETFs Over Israel and Portugal
Another two Northern Trust ETFs have hit the market tracking Israel and Portugal. NETS TA-25 Index Fund (TAV) will track Israel’s Tel-Aviv Stock Exchange. According to Heather Bell of Index Universe, this index is size-specific, made up of 25 stocks with the largest market capitalization. TAV is now in competition with iShares MSCI Israel Capped [...]
Northern Trust Dives into Single-Country Indexes with NETS ETFs
Northern Trust has expanded its NETS (Northern Exchange Traded Shares) portfolio by setting its sights on single-country indexes. As Barclays, State Street, and Vanguard continue to develop their single-country benchmark ETFs, Northern Trust has become part of the action. The MarketWatch article identifies a few of the country-specific ETFs, such as Nets DAX (DAX) for [...]
Israeli ETF Marketing Thriving During Its Eight-Year Existence
There are now 240 ETFs that trade on the Israeli market, which would be an average of 30 new ETFs introduced per year since the first ETF was traded eight years ago. According to Haaretz.com, this remarkable growth is not the only impressive statistic within the Israeli ETF market. They report that the ratio of [...]
