Psagot Mutual Funds, the largest and the prominent mutual fund company in Israel, composed of a veteran team of investment managers, analysts and traders specializing in a range of fields: bonds, stocks in Israel, abroad and foreign currency.
The company commenced operations in 1989 and was sold by Bank Leumi to the York Fund in 2006 in the context of the selling of activity in the Psagot Investment house. Currently manages approximately 31* BNIS.
Psagot has a wide range of 136 mutual funds in most investment channels.
Advantages of Psagot Mutual Funds:
Psagot funds show prominent and long standing results
Mutual funds for a range of investments suitable for most types of investors
An experienced investment manager team with high trading skills
Psagot has established a unique investment philosophy
Psagot Mutual Funds enjoys the strong backing of Israel’s largest investment house and invests substantially in research in Israel and abroad.
Monitoring systems – The Psagot Group established a substantial Regulation array made up of economists, accountants and attorneys that are responsible for handling issues of control and compliance in the investment house and all its subsidiaries. Psagot emphasizes auditing hours beyond legal requirements and preserves the strict monitoring procedures that bind the banking system in Israel, and has done so since it was a subsidiary of a banking corporation (owned by Bank Leumi).
The investment team at Psagot is characterized by a low turn over of employees, which allows fund performance evaluation over time.
Interests and transactions – Economy of scale allows the investment house to obtain better prices and transactions with transaction rooms and high interest on liquid money.
Roy Vermus
CEO of Psagot Mutual Funds
Graduate of the Hebrew University in economics, sociology and anthropology and holds an MBA from Bar Ilan University, licensed by the Israel Securities Authority. Has over 14 years of capital market experience. Serves as the CEO of Psagot Mutual Funds since 2003 and the CEO of Psagot Investment House since the end of 2006. Served as the chairman of the Mutual Funds Association between 2006-2008. Serves as the chairman of The Public committee for the Maala ranking and index.