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Defiance launches Israel-focused ETF ISRL with 0.59% fee
The new fund tracks the Israel 120 iNDEX and targets the top 120 Israeli companies listed on the Tel Aviv stock exchange.
Defiance ETFs has launched the Defiance KSM Israel 120 (ISRL) ETF, adding a new single-nation option to the US-listed ETF lineup. ETF Trends reports the fund is designed to measure the performance of the top 120 Israeli companies.
The Israel-focused strategy charges a 0.59% fee and tracks the Israel 120 iNDEX, with a focus on firms based in Israel rather than Israel-heavy global companies. The approach also aims to emphasize the local economy while looking past broader global scrutiny tied to Israel.
Defiance positions ISRL as a vehicle for investors seeking ex-US diversification or single-country exposure, highlighting Israel’s innovation ecosystem. The fund also points to Israel’s OECD-leading R&D intensity and strong demographic growth as potential economic drivers.
ETF Trends also notes that the ETF wrapper is intended to provide tax efficiency, tradability, and transparency, while VettaFi LLC serves as the index provider for ISRL and receives an index licensing fee.