Meitav Investment House Partners with Lipper in Israel

Online, July 31, 2012 (Newswire.com) - Aim of Meitav - Lipper partnership in Israel:

Meitav Investment House was recently chosen as the exclusive distributer of the international rating company Lipper. Lipper is owned by Thomson Reuters. Lipper is a global leader in setting a systematic rating system for Investment products. It has analyzed and rated over 100,000 investment products worldwide. Among those products are mutual funds, ETF's, Hedge Funds and more.

In light of large institutional allocations to global investments, there is a need to provide portfolio managers with objective tools to assess investment vehicles and we believe Lipper is best place to provide these in Israel. In addition, the ISA (Israeli securities authority) is expected to approve a regulation change which will allow marketing of foreign funds to retails clients.

Oren Kaplan, EVP at Meitav: "After the regulation change, local banks will also need an objective rating system that will support their investment advisory role, similar to Lipper Leaders ratings.
Considering these local needs, Meitav has chosen to partner with Lipper in order to distribute their solutions and content among Israel growing fund industry."

Lipper:
Lipper, a Thomson Reuters company, is a global leader in qualitative fund analysis and its database covers more than 100,000 investment vehicles including: mutual funds, ETFs and hedge funds.
Studies have shown that benchmarks can be continuously beaten by investing in funds achieving highest scores from the Lipper fund rating system.
Lipper will offer the local industry access to global fund data, analytical tools and ratings

About Meitav Foreign funds desk:
The desk looks to represent a "best of breed" line of global investment vehicles and services.
Currently, the desk services large institutional clients but once amendment 15 changes, the desk will market global mutual funds to retail clients via bank advisors using Meitav's sales force.

About Meitav Trade:
Meitav Trade enables clients to trade directly in a wide range of sophisticated financial instruments, in real time, using advanced trading systems.