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Just one fund tracks TASE fossil free index

Just one fund tracks TASE fossil free index
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Migdal Capital Markets becomes first investment house to track new green index

Giving institutional investors an environmentally conscious option, exchange traded fund will track the Tel Aviv Stock Exchange TA-125 Fossil Free index ....

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Israeli investment house scores first with pledge not to invest in fossil fuels

View of chimneys from a refinery in Haifa Bay. (Shay Levy/Flash90)
Cramim Investments announced Wednesday that it will not fund any companies connected with global warming fossil fuels, becoming the first investment house in Israel to earn a new green investors’ certification developed by environmental groups.
Owned by Adi Sweid and Ran Amitai, and running since 2007, Cramim mainly invests in corporate bonds and companies that are now listed on the fossil fuel-free index, which was formally launched by the Israel Stock Exchange last week.
This is the first index on Israel’s main stock exchange designed to exclude oil and gas firms, and accompanies a Cleantech sector-based index also inaugurated in recent weeks. ....

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