Psagot Exchange Traded Notes is Israel’s oldest ETN Company. In May 2000 the company launched the first exchange traded note in Israel. Today, the company manages assets of close to NIS 8* billion, by means of 63 exchange traded notes that track stock indices in Israel and in global markets , bond indices, currencies and goods.
Psagot Exchange Traded Notes operates an ETN trading room with approximately 35 traders and risk managers. The trading room is one of the most modern of its type, with sophisticated trading systems.
Psagot is a pioneer in Israel's smart index revolution and leads a new direction in the capital market – smart exchange traded notes tracking the movements of indexes that are economically logical: fundamental indexation.
Psagot’s exchange traded notes are divided into a number of categories
• ETN's tracking bond indexes
• ETN's tracking Israeli indexes
• ETN's tracking global dividend indexes
• ETN's tracking global indexes
• Sophisticated ETN's
• ETN's tracking foreign currency instruments
Psagot's Exchange Traded Notes - advantages
• Continuous trading
• A wide range of ETN's tracking the movements of bond indexes, Israeli and foreign equities, dividend, commodities and foreign currency indexes .
• Professional, personal, quick and transparent service
• A unique advisors helpdesk and a trading desk that caters to institutional clients
Economies of scale
• Psagot's ETN's enjoy the strong backing of Israel’s largest investment house that invests considerable resources in research both in Israel and in foreign markets. Psagot employs Israel’s largest and highest quality research and investment team, consisting of some 80 analysts, investment managers and traders licensed by the Israel Securities' Authority.
• Psagot Exchange Traded Notes Ltd. invests considerable resources in sophisticated trading systems and in the development of specialized systems.
• Cooperation with global factors that support the issuance of unique exchange traded notes that track the movements of foreign indexes.
Psagot, formerly a bank subsidiary, decided to continue functioning with the conservatism of a banking entity. Psagot Investment House's activities are supervised by the Israeli Securities Authority, the Tel Aviv Stock Exchange and the Ministry of Finance's Capital Market Unit.
In early 2008, Psagot established a regulatory and compliance unit, which is an objective, independent unit responsible for dealing with matters such as risk management, control, credit control and compliance of the investment house and at all its subsidiaries. The unit employs a full time credit controller, risk controller, risk managers, compliance officers and control managers.
Mr. Tal Vardi, CEO of Psagot Exchange Traded Notes
Mr. Vardi holds a B.A in economics and business administration from the Hebrew University. Mr. Vardi has More than 22 years experience working in the capital market and trading rooms.
Serves as the CEO of Psagot Exchange Traded Notes since 2005.