Tel Aviv Stock Exchange launched 6 new indices of bonds

The Tel Aviv Stock Exchange launched six new indices of bonds. These are six Tel Bond indices.
The four new indices are as follows:
• Tel-Bond-linked "A" index - which will include series of bonds included in the Tel Bond-linked index, which were rated in a rating range between A3 and A1 or rated at Maalot in the range of A to A +.
• The Tel-Bond-linked AAA-AA index, which will include series of bonds included in the Tel Bond-linked index, which were rated with a minimum rating of Aa3 or rated at a minimum rating of AA-.
• The "Tel-Bond Shekel A" index - which will include series of bonds included in the Tel-Bond Shekel Index, which have been rated in a rating range between A3 and A1 or rated at Maalot in the range of A to A +.
• The "Tel-Bond Shekel AAA-AA" index - which will include series of bonds included in the Tel-Bond Shekel Index, which were rated with a minimum rating of Aa3 or rated with a minimum rating of AA-.
The new indices will complement the range of Tel-Bond Indices, with higher ratings, and will enable investors to examine investment portfolios by risk level. Market analysts have speculated that demand for these indices, which are considered "classic mainstream indices," is expected.
 
TASE has launched two new indices:
- The Tel-Bond Shekel-Banks and Insurance Index - the index will include bond series of banks and insurance companies included in the Tel-Bond-Shekel Index.
 
- Tel Bond-CPI Linked, Tel Bond-CPI Linked, Tel Bond-CPI Linked, Tel Bond-CPI Linked, Tel Bond-CPI Linked SmallCap, Additional Indices Which is characterized by shekel bonds of companies in the real estate sector).
 
The Tel-Bond series of indices, which will include three indices, will allow investors exposure to the issued debt in the real estate sector and in the banking and insurance sectors.
Some 70% of the series of bonds included in the Tel Bond Indices were issued by companies in the real estate, banking and insurance sectors, and discussions with market activists indicate that, as far as investment in these bond portfolios is concerned, they see a common denominator between banks and insurance companies, Which controls the management of financial risks in both industries. In light of this, the solution proposed by the stock exchange improves the distribution of issuers in the index.