For the first time since 2019: BlackRock returns to the ETF market in Tel Aviv

For the first time since 2019, BlackRock returns to the ETF market in Tel Aviv with three iShares funds in the fields of semiconductors, energy, and the Indian market, which will trade in shekels.

For the first time since 2019, the American investment giant BlackRock is returning to the ETF market in Tel Aviv. Globes has learned that the company, which manages assets worth about $15 trillion, is listing three iShares ETFs for trading on the Tel Aviv Stock Exchange in a dual listing. Trading in them will begin today (Thursday). The new funds are: a global semiconductor fund (iShares MSCI Global Semiconductors UCITS ETF), an energy fund tracking the S&P 500 index (iShares S&P 500 Energy Sector UCITS ETF), and an India fund (iShares MSCI India UCITS ETF). The funds will trade in shekels, without the need for currency conversion, and are intended to compete with local entities such as Tachlit (Mitav) and Kesem (Harel). Anat Levin, CEO of BlackRock Israel, said the move is aimed at giving Israeli investors direct access to significant economic trends in the AI era, including semiconductors, energy, and emerging markets. The article notes that management fees and taxation should be examined against local alternatives.