Harel Finance Holdings Ltd.

Harel Finance Holdings Ltd. Is a subsidiary of Harel Insurance Investments and Financial Services Ltd. A publically held company operating in three sectors: insurance, financial services and infrastructure. Shareholder equity stands at approximately NIS 3 billion and the company has approximately NIS 64 billion under management.

Assets under management at Harel Insurance Investments and Financial Services are managed by two subsidiaries: Harel Insurance and Harel Finance. Long term asset management (employee funds, pension funds, etc.) is handled by Harel Finance. Harel Finance currently manages approximately NIS 16 billion through its subsidiaries. Management focuses on providing financial solutions for private and institutional clients, using a wide variety of products.

Harel PIA- Mutual Funds

Harel PIA is one of the leading and prominent mutual fund management companies in the Israeli mutual fund industry. Harel PIA offers the investing public a large selection of investment possibilities in the Israeli and worldwide capital markets through products that include about 80 mutual funds in a wide range of investment areas. Harel PIA’s strength rests on its large research unit, which performs continuous research on macro economic developments and trends in the capital markets worldwide.

Harel PIA’s long standing reputation is based on many years of professionalism, innovation, and excellence, and enables the investing public to benefit from a wide range of investment possibilities. The company’s mutual funds consistently receive top-rankings by Israel’s leading mutual fund ranking firms: “Kranot Meda Zahav” and “Maalot", and by the leading banks in Israel.

Harel Finance Investment Management

The company manages financial investment portfolios for private clients, corporations and institutions. The company has been operating in the capital markets for many years – a fact that endows it with rich experience and market leadership. Investing with Harel’s investment managers means enjoying the strength of the Harel Group and the support and financial stability of one of the largest companies in Israel, a company which has a long tradition of reliability, excellence, creativity and outstanding customer support for its clients.

Harel Finance Trade and Securities

Trade in Israel and Overseas
As a member of the stock exchange, the company has many years of experience in providing trading services for securities and foreign currency, both in Israel and overseas, via one of the most advanced and best-equipped trading rooms in the market. The trading room comprises an Israel desk and a foreign securities desk, which are each operated by a team of skilled professional dealers. This team is available to our customers to carry out transactions in real time, in a swift and professional manner, while providing all of the information required in order to make investment decisions.

Harel Trade
Harel Finance offers its customers the possibility of trading directly and independently in real time, by means of an advanced internet platform as well as via human contact during trading hours. The company's customers enjoy attractive trading commissions, technical support, and the professional, fast, and courteous services of the trading team.

Foreign Exchange Desk
The company's foreign exchange department has created a number of financial instruments, including the following: spot transactions, forwards, indexed forwards, non deliverable forwards (NDFs) and put and call options on foreign currency OTC. The Foreign Exchange Desk provides competitive quotes and operates on a smaller profit margin than generally accepted in the banking community and offers clients the best possible pricing structures based on client needs.

Institutional Client Activities
The company provides service arrangements for its institutional customers, which include the trading unit, the research department, and the market making department. These institutional investors enjoy the information and the insights of Harel Finance's economics and research division, headed by Dr. Michael Sarel, and also the services of the Sell-Side research department, led by the analyst Amir Adar. Similarly, the trading department includes a skilled, professional team of traders, whose services are available to the customers.

Market Making
The experience that Harel Finance has accumulated, together with its expertise in the trading field, enable it to offer efficient and professional market making services to companies that are traded on the Tel Aviv Stock Exchange. Harel Finance is currently a market maker for dozens of shares and corporate bonds.
As a consequence of the market making service, fluctuations in the prices of shares and bonds are reduced, which in turn reduces the risk for the securities. Companies that take advantage of this service enjoy professional accompaniment for all actions that touch upon activity in the capital market.

Harel Financial Products
Harel Financial Products offers complex financial products, such as ETNs, exotic options, covered warrants, and structured products. These products offer investors the opportunity to invest in OTC transactions based on client demand as well as issuances on stock exchange. The firm possesses unique mathematical capabilities to construct and price attractive financial products.
Currently, the company manages 13 exchange traded notes, which allow investors to use index investing strategies based on the most common local indexes. Harel also offers approximately 20 covered warrants instruments based on various assents.