FRANKFURT, Germany (September 12, 2023) — MarketVector IndexesTM ("MarketVector") launches the MCM-BlueStar® Israel Bonds Index (ticker: MBILB).
The MCM-BlueStar® Israel Bonds Index (ticker: MBILB) tracks US Dollar and Israeli Shekel-denominated bonds issued by the Israeli government and Israeli corporate issuers. The index is comprised of 35 bonds which are capped at a 5% weight, corporate issuers are capped at an aggregate weight of 7.5%, and Israeli government bonds are capped at an aggregate weight of 25%. The index was developed in partnership with Migdal Capital Markets and will be licensed to Defiance.
“We are proud to launch this first-of-its-kind Israel bond index, which combines government and corporate investment grade issuers as well as Israeli Shekel and US Dollar denominated bonds,” said Steven Schoenfeld, CEO of MarketVector. “We believe that this well-diversified index will provide foreign investors with efficient exposure to the dynamic Israeli bond market which has grown substantially this decade,” he added.
The MCM-BlueStar® Israel Bonds Index is reviewed on a monthly basis and is calculated in USD as a price index and a total return gross index.
Detailed information about the index, including methodology details and index data, is available on the MarketVector website.