FRANKFURT, Germany (July 21, 2022) – MarketVector Indexes announced the licensing of the BlueStar® Israel Infrastructure Index (ticker: BILIN) to KSM, a leading Israeli issuer of ETFs and index mutual funds for an index tracking fund.
The BlueStar® Israel Infrastructure Index (ticker: BILIN) tracks the performance of companies involved in the development and maintenance of Israeli infrastructure including energy projects, construction, telecommunications, and related civil services. The index compromises companies that generate at least 50% of their revenue from construction, telecommunication services, infrastructure services that contains recycling and waste management services, and port operators, infrastructure REITs and investment companies, clean energy, other energy sectors that includes oil and gas distribution and refining, as well as power plants.
“The investment thesis undergirding the BlueStar® Israel Infrastructure Index, is well-aligned with the growth of Israel’s domestic economy and the continued surge of investment in Israel’s physical infrastructure,” noted Steven Schoenfeld, Chief Executive of Market Vector Indexes. “BILIN is an important cutting-edge benchmark for the Israeli financial marketplace, and I am confident that the newly-launched KSM products that track it will become a valuable tool for both Israeli and global investors,” he continued.
BILIN is weighted by free float market capitalization and are calculated in ILS as a price index, a total return net index and a total return gross index. The index is reviewed on a semi-annual basis.
Detailed information about the Indexes, including methodology details and index data, is available on the MarketVector Indexes website.