Lyxor, one of Europe’s largest ETF providers, announced today plans to launch a suite of Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. ETFs on Israel’s Tel Aviv Stock Exchange (TASE), including Green Bonds, New Energy, Water, and Climate-focused funds, over the next few months.
Today’s announcement comes as Lyxor launches its first direct listing on the TASE, the Lyxor Robotics & AI UCITS ETF. Lyxor entered the Israel market in 2017, promoting its ETF range to institutional investors through its representative 4F Distribution.
Matthieu Mouly, Lyxor ETF Chief Client Officer, said:
“The listing of this first range of Lyxor ETFs on the Tel Aviv Stock Exchange represents a natural progression after Lyxor’s entry into the rapidly expanding Israeli ETF market four years ago. Lyxor is pleased to further increase its concrete presence in Israel through the listing of an innovative range of instruments designed to meet the evolving needs of Israeli investors, notably in the field of Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments..”
According to Lyxor, the company is expanding its presence in the Israeli market as local demand for ETFs is growing, with a 45% increase in non-domestic ETF AUM among institutional investors over the past four years.
Ittai Ben-Zeev, CEO at Tel Aviv Stock Exchange, said:
“Lyxor’s decision to list its ETFs is a real expression of confidence in the Israeli capital market and in the Tel Aviv Stock Exchange. The listing will allow local investors to access to a wider range of investments and is part of our strategic plan to expand the range of services and products available to Israeli investors.”