Psagot employs a top-quality research and investment team comprised of licensed analysts, investment managers, and traders in seven specialized research departments.
Provident funds, Compensation Funds
Psagot Provident Funds and Pension manages Gadish, Israel’s largest provident fund. Psagot Provident Funds specializes in managing long term investments by means of a wide range of provident funds and central compensation funds that enjoy strong performance and high ratings over time.
In April 2009, Psagot acquired Prisma’s provident funds becoming Israel’s largest provident fund management company.
Psagot Provident Funds and Pension has been operating since 1998.
Assets under management total: approximately NIS 48* million (including study funds).
Pension Funds
Psagot Provident Funds and Pension manages the new pension funds "Psagot Comprehensive Pension" and "Psagot General Pension."
Psagot's pension funds offers five insurance routes in the detailed fund, and seven insurance routes in the general fund,
in addition to four different investment channels in both funds. All this is in place in order to allow each insured person
to choose the savings route that most fits his or her needs and personality.
On March 31, 2010, after obtaining the necessary regulatory approvals, the acquisition of the NLF Pension Fund's management rights and obligations by Psagot Pension Ltd. was completed, so that since then Psagot Pension Ltd. manages the NLF Pension Fund.
The fund has Assets close to NIS 8 billion.
Some approximately 40,000 members, some 50% of which are active, and some 4,000 pensioners.
Study Funds
Study funds are a popular medium-term saving channel for 3 to 6 years. Psagot manages a selection of study funds of varying volumes and shows good long-term results.
Psagot’s provident fund management company has been operating since 1998.
Managed assets volume: Approximately NIS 48* million (including provident funds). Number of provident funds, study funds and
Portfolio Management
Psagot Securities is the largest and oldest investment portfolio management company in Israel. Psagot Securities manages investment portfolios in Israel and abroad for clients and private investors, totaling approximately NIS 54* billion, covering a range of investment channels. Portfolios are managed by a skilled team of investment managers in the various departments: portfolio management for private individuals, platinum clients, corporations and institutional clients and Psagot also employs an international department.
Psagot’s portfolio management company has been operating since 1963.
Brokerage and research
The brokerage department provides its institutional clients with security trading services in Israel and in global markets. Psagot's largest and highest quality investment and research system in Israel, employs approximately 80 analysts, investment managers and traders, divided into 7 research departments: macro and strategy, buy side, sell side, credit research, overseas research, alternative assets research and a research department for advisors providing real-time analyses and forecasts of events in Israel and around the world.
Mutual Funds
Psagot Mutual Funds, the largest and most prominent mutual fund company in the capital market Israel, has a veteran team of investment managers, analysts and brokers specializing in a range of fields: bonds, stocks in Israel and overseas and foreign currencies. Psagot manages mutual funds that are constantly awarded the highest ratings from objective rating companies and bank rating systems.
Psagot’s mutual fund management company has been operating since 1989.
Assets under management: approximately NIS 27* million. Number of mutual funds: 146.
Exchange traded notes
Psagot Exchange Traded Notes is the oldest company in Israel active in ETNs. The company manages exchange traded notes and certificates of liability in various sectors tracking local and global stock indexes, bond indexes, currencies and commodities and offers a line of unique exchange traded notes that track “smart” indices.
Psagot Exchange Traded Notes (formerly “Tali Exchange Traded Notes”) has been operating since 2000.
Assets under management total: approximately NIS 8* million. Number of exchange traded notes: 67.
Hedge funds
Hedge funds allow for unique exposure to the stock and bond market in Israel and in global markets. In August 2008, Psagot completed the acquisition of Compass Investments Ltd., which specializes in managing hedge funds, and manages the hedge fundCompass International Management, L.P.
The objective of the fund is to yield a stable, positive dollar return over an extended period of time in excess of a risk-free dollar interest, with the lowest possible standard deviation and low correlation with traditional market trends.