Source: Jerusalem Post

Zev Stub

Two mutual fund giants are entering the Israeli market. Vanguard, the world's largest mutual fund company, and Wellington signed a partnership agreement Sunday with the Forum group. "Structural changes and the anticipated capital market reforms, alongside the equalization of taxes for investments abroad, have created an opportunity for cooperation," said Forum CEO Ami Segel. "We intend to offer institutions and other market players products from the world's strongest mutual fund management firms. Vanguard and Wellington have studied the Israeli market and are commencing operations here with confidence in the market and a long-term outlook." Read more