SUMMIT, N.J.--(BUSINESS WIRE)--ETF Managers Group (ETFMG), together with our partners at BlueStar Indexes®, is happy to celebrate the three-year anniversary of the BlueStar Israel Technology ETF (NYSE Arca: ITEQ). ITEQ® is the first ETF to comprehensively target innovative companies in the Israeli tech industry.
Since its inception on November 3, 2015, ITEQ® has provided exposure to leading Israeli technology companies like Check Point Software, Wix.com, Nice System, Amdocs, and additional biotechnology, agricultural technology and clean energy names, among other industries. As of today, the Fund has net assets of $52.6 million.
“We are proud that the BlueStar Israel Technology ETF was first-to-market in providing investors with exposure to the complete universe of leading Israeli tech companies listed worldwide, and ITEQ®’s growth reflects the critical role that Israeli technology plays in transforming our world,” stated Steven Schoenfeld, founder of BlueStar Indexes®. “ITEQ®’s success in the U.S. is reinforced by the wide acceptance of its BIGITech® benchmark by Israeli investors who consider it their primary index for Israeli tech stocks.”
“We are very happy to celebrate the 3 year mark with our partners at BlueStar Indexes as ITEQ® continues to give U.S. direct access to the innovative Israeli technology sector,” said Sam Masucci, CEO of ETF Managers Group.
ITEQ® tracks the BlueStar Israel Global Technology Index™, (BIGITech®), the flagship benchmark for Israeli technology stocks, which includes 72 Israeli companies listed on seven exchanges worldwide. BIGITech® is also tracked by three Israeli-listed index products with more than $70 million in assets. In tracking BIGITech®, ITEQ® provides diversified exposure to the technology themes of the future, including artificial intelligence, autonomous driving, CleanTech, CefenseTech, cybersecurity, Agri-Tech and more.
For more information on ITEQ®, please visit https://www.iteqetf.com.
Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477), or by visiting www.iteqetf.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. Investment in securities of Israeli companies involves risks that may negatively affect the value of your investment in the Fund. Among other things, Israel’s economy depends on imports of certain key items, such as crude oil, coal, grains, raw materials and military equipment. Foreign investing involves special risks such as currency fluctuations and political uncertainty. Funds that invest in smaller companies may experience greater volatility. Funds that emphasize investments in technology generally will experience greater price volatility.
Past performance does not guarantee future results.
Fund holdings are subject to change at any time. For holdings information, visit http://www.iteqetf.com/fund.
ITEQ seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the BlueStar Israel Global Technology Index™(BIGITech®), which tracks the performance of exchange-listed Israeli technology operating companies. It is not possible to invest directly in an index.
ETF Managers Group LLC is the investment adviser to the fund.
The fund is distributed by ETFMG Financial LLC. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, "ETFMG"). ETFMG Financial LLC is not affiliated with BlueStar Indexes®.
