Indxx Licenses Indxx Top 10 US-Israel Banks Index to Migdal Mutual Funds Ltd.

Indxx, a leading global provider of innovative indexing solutions for exchange-traded funds (ETFs), is pleased to announce the licensing of the Indxx Top 10 US-Israel Banks Index to Migdal Mutual Funds Ltd. The Index serves as the underlying benchmark for the MTF (4A) INDXX Top 10 US-ISR Banks Index Fund (Ticker:5141262), which began trading in Israel today.  

The Indxx Top 10 US-Israel Banks Index is designed to track the performance of the companies listed in the United Staes and Israel that are classified in the financial industry and are operating within the banking industry.

Rahul Sen Sharma, President and Co-CEO at Indxx said, “The banking sectors of both the United States and Israel continue to demonstrate strong digital adoption and stable earnings. The U.S. now serves more than 216 million digital banking users, while Israel has seen equity market inflows more than double this year alongside a 56% increase in trading volumes. These developments underscore how each market is evolving through technological advancement and rising customer expectations.”

Vaibhav Agarwal, Chief Product Officer at Indxx added, “Digital acceleration, AI adoption, and cross-border financial activity are reshaping how banks operate across the U.S. and Israel. From mobile-first banking and biometric authentication to real-time payments and AI-enabled decision making, both markets are rapidly evolving to meet the needs of a new generation of banking customers. With the launch of the Indxx Top 10 US-Israel Banks Index, we’ve structured a product that reflects this dynamic financial ecosystem and the institutions driving innovation across both regions.”

As of 2nd December 2025, the index has 10 constituents. The index has been back tested to May 27, 2020, and real time live calculation date of July 08, 2025. For additional information, please see here.

Founded in 2005, Indxx endeavors to deliver innovative solutions to the investment management community at large. These range from end-to end indexing solutions to index services and technology products. Indxx and products tracking our indices have been nominated for and received numerous awards, including ‘Index Provider of the Year’ at the With Intelligence Mutual Fund & ETF Awards 2022 & 2023, ‘Best Index Provider - Emerging Markets ETFs’ at the ETF Express US Awards in October 2020, and ‘Most Innovative ETF Index Provider Americas‘ at the 14th Annual Global ETF Awards in July 2018.

For more information about this announcement, please contact:
[email protected]