Market Vectors Israel ETF (ISRA) - NYSEARCA
  • Apr. 8, 2015, 3:23 PM
    • What's the Market Vector Israel ETF (ISRA +2.9%) doing owning a 12% stake in Perrigo? It turns out Perrigo has a stock listing in Tel Aviv as well, thanks to its 2005 purchase of Agis Industries, then Israel's 2nd-largest drug maker.
    • In fact, Perrigo is the only non-Israeli company in the country's benchmark TA-25 Index.
    • The iShares U.S. Pharma ETF (IHE +2.4%) and the PowerShares Dynamic Pharma ETF (PJP +2.5%) are also on the move thanks to Perrigo.
    • Source: Barron's
    • Previously: Mylan makes $205/share bid for Perrigo; Generic firms rally (April 8)
    | Apr. 8, 2015, 3:23 PM | 1 Comment
ISRA Description
The Market Vectors Israel ETF seeks to replicate as closely as possible, before fees and expenses, the total return performance of the BlueStar Israel Global Index. The Index is a rules-based index intended to track the overall performance of publicly traded companies that are generally considered by the Indexer to be Israeli and Israeli-linked companies. It primarily includes the largest and most liquid companies as well as mid-cap and small-cap companies that display sufficient liquidity.
See more details on sponsor's website
Country: Israel
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