Defiance and KSM Launch Israel 120 ETF (ISRL) for U.S. Investors

Defiance ETFs, in partnership with KSM of The Phoenix Investment House, has launched the Defiance KSM Israel 120 ETF (ISRL) on Nasdaq. The ETF tracks the Israeli 120 iNDEX from TMX VettaFi, providing U.S. investors access to the 120 largest Israeli companies listed on the Tel Aviv Stock Exchange. The index caps individual issuers at 4%, adjusts weights for companies with recurring losses, and rebalances quarterly. ISRL spans sectors including technology, financial services, defense, real estate, energy and healthcare and carries a 0.59% expense ratio.