LONDON and TEL AVIV, Israel, February 7, 2022 /PRNewswire/ — Invesco listed today (February 7and, 2022) its first exchange-traded funds (ETFs) on the Tel Aviv Stock Exchange (TASE:TASE). This decision reflects the growing demand for ETFs in Israel and the popularity of Invesco’s product line. The direct listing will simplify access for investors and support Invesco’s ambition to grow its market share in a key jurisdiction. The company plans to expand its range of TASE-listed ETFs in the coming months.
The initial products are a mix of Invesco’s flagship UCITS ETFs as well as those most popular with investors in the region. These include core portfolio securities such as the Invesco S&P 500 UCITS ETF, the cheapest EMEA market ETF that tracks the world’s most tracked index, and the Invesco MSCI Emerging Markets UCITS ETF. The company also lists the Invesco KBW NASDAQ Fintech UCITS ETF and two of the UCITS ETFs in its range of US sectors for investors wanting more targeted exposure. An ESG version of the S&P 500 UCITS ETF is expected to list soon.
Invesco’s ETF business has had a physical presence in Israel since 2014, with growing demand from local investors contributing to the company’s total $67.5 billion of EMEA ETF assets under management (AUM) at the end of 2021. The company saw 36% growth in AUM during the year, the largest percentage increase of any ETF issuer Europeans with more than $20 billion in AUM. From $10.8 billion in net new assets raised in 2021, the largest capital flows were directed to its core U.S. equity products, of which more than $3 billion in its S&P 500 UCITS ETF.
TASE has become a major hub for ETFs in the region, although most products currently available are from local issuers. Following these first Invesco listings, the stock market now has just over 30 ETFs from foreign issuers.
Gary Buxtonhead of EMEA ETFs at Invesco, said: “Israel has grown in importance to us as a business and this latest step to list some of our core and more innovative products locally is a natural reflection of that relationship and market dynamics. Investors nationwide, from institutions to individuals, have welcomed ETFs as a low-cost, transparent and liquid investment vehicle and we expect further growth in 2022.”
Shay YonaHead of Israel Distribution at Invesco added: “We are happy to expand our footprint outside of traditional European stock exchanges and join the growth of the Israeli economy by being a member of the local financial ecosystem. This is the first and important step for Invesco and the local investment community to join forces and experience the benefits of our ETF platform.”
Ittai Ben Zeev, CEO of TASEnoted: “We are delighted to welcome Invesco’s product line to the TASE. This move further illustrates ETF’s demand for Israel and the attractiveness of the exchange to meet the needs of investors as well as large global asset management firms such as Invesco. The listing will allow local investors to access a wider range of investments and is part of our strategic plan to expand the range of services and products available to Israeli investors.”
The full list of Invesco ETFs listed on TASE today is as follows:
Invesco S&P 500 UCITS ETF Acc
Invesco MSCI Emerging Markets UCITS ETF Acc
Invesco KBW NASDAQ Fintech UCITS ETF Acc
Invesco Health Care S&P US Select Sector UCITS ETF Acc
Invesco Financials S&P US Select Sector UCITS ETF Acc
About Invesco Ltd.
Invesco Ltd. is an independent, global investment management firm dedicated to providing an investment experience that helps people get the most out of life. Our distinct investment teams offer a full range of active, passive and alternative investment capabilities. With offices in more than 20 countries, Invesco managed $1.6 trillion in assets on behalf of clients worldwide as of December 31, 2021.
For more information, visit: www.invesco.com.
This press release is intended for the professional press only. Please do not redistribute. All data sourced from Invesco at December 31, 2021 unless otherwise stated. This document is for informational purposes only. Views and opinions are based on current market conditions and are subject to change.
Prospectus documentation describing the products, risks and associated costs of Invesco’s exchange-traded products and information on the composition of their portfolio is available to residents of countries where these products are authorized for sale on etf. invesco.com.
The products described on etf.invesco.com are not suitable for everyone. Investors’ capital is at risk and they may get back less than they invested. Investors should not trade in these products unless they understand their nature and the extent of their exposure to risk. The value of these products can go down as well as up and can be subject to volatility due to factors such as changes in the price of the underlying instrument and in interest rates.
Potential investors are advised to study the prospectus before investing.
Units/shares of UCITS ETF purchased on the secondary market cannot generally be resold directly to UCITS ETF. Investors must buy and sell units/shares on a secondary market with the help of an intermediary (e.g. stockbroker) and may incur charges for doing so. Also, investors may pay more than the current net asset value when buying units/shares and may receive less than the current net asset value when selling them.
Invesco Investment Management Limited, Ground Floor, 2 Cumberland Place, Fenian Street, Dublin 2, Ireland.
For more information, please contact:
Telephone +44 20 3370 1104
Citigate Dewe Rogerson
Hugues Fasken/ Borja Miquel/ Will Easton/ Saffron Wainwright
Telephone +44 20 7025 6400
Tel Aviv Stock Exchange
Orna GorenHead of Communication & Public Relations Unit
Telephone +972 523400843
Email: [email protected]
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SOURCE The Tel Aviv Stock Exchange Ltd.