Psagot Mutual Funds benefits from the strong backing of Israel’s largest investment house, that invests considerable resources in research both in Israel, and in global markets. Psagot employs the largest and of the highest quality research and investment team in Israel, consisting of some 80 analysts, investment managers and traders, licensed by the Israel Securities Authority.
Psagot Mutual Funds employs an experienced team of investment managers, analysts and floor traders specializing in a range of areas: bonds, equities both in Israel and in foreign markets and foreign currency.
The company began operating in 1989 and was sold by Bank Leumi, as part of the sale of Psagot Investment House, subsequent to the capital market reform in Israel.
Psagot Mutual Funds now manages close to NIS 25*billion by means of a wide range of 145 mutual funds covering most categories of investments.
The advantages of Psagot's mutual funds
• Psagot's mutual funds have demonstrated strong and long lasting performance, in a wide range of investment categories.
• Mutual funds covering a wide range of investment categories, suitable for most types of investors.
• An experienced and skilled investment management team.
• A professional helpdesk serves advisors providing real time changes in financial markets' events.
• Psagot's investment team has a low employee turnover, allowing for the evaluation of the funds' performance over time.
• Interest rates and transactions – the size of Psagot investment house enables it to negotiate better prices and superior orders with trading rooms and also obtain higher interest on liquid monies.
Supervision and control
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 Israel Securities Authority, the Tel Aviv Stock Exchange and the Ministry of Finance's Capital Market Unit.
In early 2008, Psagot formed a regulatory and compliance unit, which is an objective, independent unit responsible for dealing with subjects 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.
Yaron Dayagi, CEO Psagot Mutual Funds
BSc in Industrial Engineering from the Tel-Aviv University.
MBA in Business Management graduated with honors, majoring in financing and accountancy, Tel-Aviv University
Holds an investment portfolio management license issued by the Israel Securities' Authority.
Employed with Psagot Investment House since 2005 in a range of positions, among others: Head of the Advisor Relations Unit and member of
management, Head of the institutional desk, ETN Products Manager and Advisor Relations Manager.