Jewish Communal Fund (JCF), a charity that facilitates charitable giving for more than 6,000 fund holders through donor advised funds,has lowered the minimum investment requirement for the Market Vectors Israel ETF (ISRA) from USD50,000 to USD5,000.
The Market Vectors Israel ETF seeks to replicate as closely as possible, before fees and expenses, the total return performance of the BlueStar Israel Global Index, which is comprised of publicly traded Israeli companies. JCF fund holders can also contribute Israel Bonds to JCF, and invest charitable assets in the two-year Maccabee bonds.
"Through our generous fund holders, the Jewish Communal Fund (JCF) recommends tens of millions of dollars annually to charities benefiting Israel's welfare," says Susan F Dickman, Executive Vice President and CEO of Jewish Communal Fund. "We are delighted to provide investment options that align our fund holders with their charitable missions."