Migdal Capital Markets becomes first investment house to track new green index
Migdal Capital Markets on Sunday became the first investment house to launch an exchange traded fund (ETF) that tracks the Tel Aviv Stock Exchange’s TA-125 Fossil Free index.
The index, launched in December, is a green version of the veteran TA-125 index, with the same shares, bar those of corporations involved in any stage of the production and marketing of fossil fuels. It comprises 107 companies with a market cap of NIS 660 billion ($203 billion) and a float value of NIS 450 billion ($138.5 billion).
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