Ringing the Bell for Israeli High Tech

Dec 07, 2015, 12:19 ET from Tel Aviv Stock Exchange (TASE)

TEL AVIV, Israel, December 7, 2015 /PRNewswire/ --

Amnon Neubach, Chairman of the Board of Directors of the Tel Aviv Stock Exchange (TASE) and Steven Schoenfeld, the founder and Chief Investment Officer of BlueStar Indexes, the TASE's partner for the development of innovative high tech indices, rang the opening bell on NASDAQ in New York last Thursday.

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In the past year, the TASE has invested heavily to encourage Israeli technology companies to establish themselves and increasing their tradability on the TASE. "The TASE is the ambassador of Israeli companies in the world," said Neubach. "By ringing the traditional opening bell here on NASDAQ, we hope to encourage more foreign companies and investors to expand their collaboration with the Start up Nation."

Several weeks ago, the TASE and BlueStar launched the ITEQ™ exchange-traded fund (ETF) to track Israeli global technology stocks. The TA-BIGITech is the first index comprising the shares of 65 large Israeli technology companies traded on stock exchanges around the world: the TASE, NASDAQ, the New York Stock Exchange (NYSE), the London Stock Exchange, and the Singapore Exchange.

Other participants in ceremony were Ido Aharoni, Consul General of Israel in New York, Steven A. Schoenfeld, Founder and Chief Investment Officer of BlueStar Indexes, Salil Donde, Executive Vice President, NASDAQ and representatives of Israel's Ministry of Finance.

Link to the full press release about the ITEQ ETF: http://www.tase.co.il/Heb/NewsandEvents/PRArchive/2015/Pages/PR_20151103.aspx

Photos given for no charge. Photographer credit: © 2015 NASDAQ, Inc

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SOURCE Tel Aviv Stock Exchange (TASE)