Indxx Licenses Global Financial Index to Meitav Tachlit Mutual Funds
June 27, 2024 – Indxx, a provider of indexing solutions for exchange traded funds (ETFs), is pleased to announce the licensing of the Indxx Global Financial Exchanges and Data Index to Meitav Tachlit Mutual Funds Ltd. The Index serves as the underlying benchmark for the Tachlit TTF Indxx Financial Exchanges and Data (Ticker: 5138797), which began trading yesterday on the Tel Aviv Stock Exchange.
The Indxx Global Financial Exchanges and Data Index is designed to track the performance of financial services companies involved in the business of providing financial data and operating regulated exchanges for financial market participants.
Rahul Sen Sharma, President and Co-CEO at Indxx said, “Global exchanges and financial data providers are indispensable to modern financial markets, offering essential services that support decision-making, transparency, risk management, regulatory compliance, and global trading. In 2023, global spending on financial market data surged to $42 billion, marking a 12.4% increase from 2022.1 These figures highlight the growing need for accurate and timely financial data among individuals and institutions. Our Indxx Global Financial Exchanges and Data Index provides access to leading companies offering these critical services. We are excited to partner with Meitav Tachlit to introduce this promising investment strategy to the Israeli market.”
Vaibhav Agarwal, Chief Product Officer at Indxx, added, “The Indxx Global Financial Exchanges and Data Index employs a research-based approach methodology to identify the frontrunners in the global financial exchanges and data market. Companies must derive more than 50% of their revenue from the sub-themes: Exchanges and Financial Data Provider to be included. This results in a focused exposure to this rapidly growing market.”
