Psagot Provident Funds manages Israel’s largest provident fund: Gadish. Psagot Provident Funds specializes in managing long-term investments and presents a wide range of professional study funds, provident and central compensation funds. Strong backing from the Psagot Group gives members security.
The company began operating in 1998 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. Today it manages approximately 47* BNIS.
Psagot Provident Funds acquired the Gadish Provident Fund from Bank Hapoalim in March 2008.
Psagot Provident Funds members include: government corporations, banks, employers, employees and self-employed members.
Psagot Provident Funds has a range of investment routes in provident and study funds at different risk levels, which enables all members to choose the most suitable track and switch routes at any time they see fit:
Provident funds for employees and self-employed
Study funds for employees and self-employed
Central compensation funds for employers
Central fund for participating in budgetary pension
Psagot Provident Funds Advantages:
Psagot Provident Funds achieves prominent and long standing returns
An experienced investment management team with top trading proficiency and long-term investment specialization.
Client service center
Pension helpdesk for consultants
Economy of scale at Psagot Provident Funds:
Psagot Provident 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 significant array consisting of economists, accountants and attorneys 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. Psagot has prudently retained the qualified investment management team of the Psagot Provident Funds during the acquisition from Bank Hapoalim.
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.
Hagay Badash
CEO of Psagot Provident Funds
BA in Economics and Business Administration from the The Herzliya Interdisciplinary Center, specializing in finance.
Holds an Investment Portfolio Management license from the Israel Securities Authority. 13 years of experience in the financial industry. Served as VP Marketing in Psagot Mutual Funds during 2006-2007 and as VP Sales in Psagot Investment House during 2007-2009. As of March 2009 serves as CEO of Psagot Provident Funds.