Psagot is Israel’s largest and leading manager of public assets, and is controlled by Apax Partners Fund. In 1963, Bank Leumi established Ofek Securities and Investments, and in 1989 Psagot Mutual Funds. Both firms were united in 2003 as Psagot Investment House, so that Psagot is ranked as one of Israel’s most experienced and senior investment house. Psagot’s professional, highly trained, dedicated and experienced staff is familiar with both market drops and market increases. Psagot offers the investing public various long-term investments, such as provident funds, study funds, central severance pay and pension funds, as well as short term investments such as local and foreign investment portfolio management, mutual funds, ETNs, brokerage and research services. In addition, Psagot has recently entered into the insurance sector offering life insurance policies to the general public. Psagot has the largest and best research team today in Israel. Israel’s leading firms, public institutions, institutional investors, foreign investors and private clients have selected Psagot to manage their accounts.
Economies of Scale
The reforms and regulatory changes that have occurred over the past decade, have significantly transformed the Israeli capital markets. Professional management of financial assets requires complex work processes and control mechanisms. The investment house enjoys significant advantages of scale and has strict quality systems, procedures, supervision and control mechanisms, supporting investments and services in the Group’s companies.
Provident, study, and central severance pay funds – Psagot Provident Funds and Pensions Ltd. is Israel’s largest provident fund company. Psagot specializes in managing long-term investments and offers a wide range of provident, study, and central severance pay funds, which, over time, have returned outstanding yields. Among others Psagot manages, “Gadish”, Israel’s largest provident fund.
New pension funds – in January 2011, Psagot introduced a number of new pension funds that offer various insurance and investment tracks, designed to allow maximum compatibility between the savings tracks and the nature and needs of the investor. Psagot believes that it can create competition with the major pension funds that benefits the entire pension savings market.
Insurance – in October 2013 finalized the acquisition of the life insurance operations of Shibrit Insurance Company Ltd. was completed by Psagot Insurance Company (P.I.) Ltd.. The acquisition of the insurance operations coupled with the investment house’s economies of scale enable Psagot to offer its clients security, credibility and stability along with a products basket that meets their needs.
Mutual funds – Psagot Mutual Funds is one of Israel’s leading mutual fund companies which have returned outstanding performance over time^. Psagot offers about 150 mutual funds in a variety of tracks that are suitable for different types of investors.
ETNs – Psagot Exchange Traded Notes is the most senior company in Israel’s ETN market, with a broad offering of 160 ETNs and ETNs that track various indices in Israel and abroad. The company operates a modern trading room, which has a team of skilled professional dealers.
Portfolio management in Israel and abroad – Psagot securities is Israel’s largest portfolio management company that manages investment portfolios in Israel and abroad, for companies, institutions and private investors, using various investment horizons.
Brokerage and Research Services – Institutional and private investors of Psagot’s Brokerage Department benefit from professional trading services in securities worldwide, and also from the advantage of Psagot’s service and large scale activity. Furthermore clients benefit from an innovative and advanced trading room equipped with updated trading, communication and data systems that can be found in global leading trading rooms.
A Large and High-Quality Research Set Up
Psagot believes that informed and responsible management of clients’ assets must be based on significant and ongoing investment in research. Psagots’ investment and research network has six specialized research units, and some 80 analysts, investment managers and traders who are licensed by the Israel Securities Authority - who are involved on a daily basis in analyzing the markets, enabling Psagot to continue to head the economic ratings. At the same time, Psagot regularly complements its research activities using leading research bodies, in Israel and abroad.
Psagot’s Knowledge Center for Financial Education
The most important financial tool is knowledge. Psagot Investment House, the largest manager of public monies in Israel provides its 1.3 million clients and the public access to Psagot’s knowledge center for financial education. The center furnishes various innovative and advanced tools in financial and economic areas, in an effort to assist in the management of monies and minimize common financial investment errors.
Mutual funds’ manager – Psagot Mutual Funds Ltd.
^The above should not be seen as a commitment to achieve certain returns. The aforementioned does not constitute investment marketing/advice and/or pension advice/marketing and/or a substitute for advice/marketing as said and/or tax advice taking into account the particulars and needs of each individual and does not constitute an offer to purchase units in mutual funds or ETNs. Purchase of units and/or ETNs will only be performed by means of a valid prospectus and immediate reports.
Past returns or ratings of the fund do not attest to similar returns or ratings in the future. Psagot Securities Ltd. – an investment manager and stock exchange member – and Psagot Investment House Ltd. – an investment marketer (hereafter the companies) engage in investment marketing and not investment advice and belong to the Psagot Group. The companies are affiliated to each other and to the following financial assets : mutual funds managed by Psagot Mutual Funds Ltd./ provident funds and pension funds managed by Psagot Provident Funds & Pension Ltd./ provident funds whose investments are managed by Psagot Securities Ltd./ financial assets managed by Psagot Exchange Traded Notes Ltd., Psagot Binding Certificates Foreign Currency Ltd. Psagot Exchange Traded Notes Indexes Ltd. ,Psagot Indexes Products Ltd., Psagot Currency Products Ltd., Psagot Quarterly Ltd., Psagot Currencies Ltd. and Psagot Negotiable Dollar Obligation Ltd. The companies may prefer said financial assets over other financial assets. Psagot Provident Funds and Pension Ltd. engage in pension marketing (and not pension consultancy) and is affiliated to pension products under its management.