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Israel To Build ETF Market Basically Overnight By Ditching Notes

TedTed
in The Bullpen
FYI: Can you create a market for ETFs overnight? Israel’s giving it a shot.

Market changes taking effect Thursday will begin to convert the Mideast country’s $30 billion of exchanged-traded notes into the more globally popular exchanged-traded funds. The move will end the 18-year reign of ETNs in Israel, but could end up increasing the market share of passive funds in the country.
Regards,
Ted
https://www.fa-mag.com/news/israel-to-build-etf-market-basically-overnight-by-ditching-notes-41239.html?print
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