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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