Tel-Aviv, Monday, June 20 - The TASE’s annual conference for investment managers at international funds that invest in Israel will be held in London this year, in July 7, 2005. This is the fourth time the TASE has held the annual event in London, as part of its activity aimed at encouraging foreign investments in Israel. This year’s conference will be held in collaboration with the Israeli embassy in London and Deutsche Bank.
Keynote speakers at the conference are Mr. Benjamin Netanyahu, Minister of Finance, and Mr. Moshe Tery, Chairman of the Israel Securities Authority. CEOs of the large listed companies Teva, Bank Leumi, Israel Corporation, Discount Investment, Delek Group, El-Al, Africa-Israel Investments and Makhteshim Agan will present their companies’ activity. In addition, the Exchange-Traded Funds will be presented, for the first time, by Clal Finance and KSM Financial Instruments.
Ronit Harel Ben-Ze’ev, Senior Vice President and Head of the Economic Department at the TASE, commented that the London conference is an important part of the TASE’s activity aimed at strengthening the ties of the TASE and the heads of leading listed companies with international investors: “Foreign investors’ activity in Israel has a great deal of influence on the TASE in particular and on the capital market in general. The increase in foreign investments in TASE stocks, from $480 million in 2004 to $1.4 billion in the first five months of 2005, is an expression of investors’ highly positive view of the Israeli economy.”