Israel ETF

Van Eck Global’s ETF unit Market Vectors on Wednesday introduced a new fund designed to provide investors with exposure to Israel.

Market Vectors Israel ETF (NYSEArca: ISRA) will charge a net expense ratio of 0.59% and tracks the BlueStar Israel Global Index.

The benchmark is comprised of Israeli and Israeli-linked companies. It replicates the performance of the largest and most liquid companies, as well as mid-cap and small-cap companies that display sufficient liquidity.

To qualify for inclusion in benchmark, a company must be listed, domiciled, or founded in Israel, or it must generate the majority of its revenues in Israel. Stocks in the index generally trade on the Tel Aviv Stock Exchange but also include Israeli-domiciled companies listed outside of the country, according to Van Eck.

ISRA will compete with iShares MSCI Israel Capped ETF (NYSEArca: EIS), which has an expense ratio of 0.60% and holds assets of about $77 million. [Israel ETF]