Funds & Savings

קרנות וחיסכון

Investment funds, pension and long-term savings products.

Exchange-Traded Fund

An exchange-traded fund is an investment fund that trades on a stock exchange throughout the day like a share, typically tracking an index, sector, commodity or bond basket.

Keren Hishtalmut

A Keren Hishtalmut is an Israeli tax-advantaged medium-term savings fund, originally created for education, that has become one of the most popular investment vehicles in Israel.

BlackRock

BlackRock is the world's largest asset manager, headquartered in New York City, with more than 11 trillion US dollars in assets under management as of 2025.

U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission is the United States federal agency responsible for enforcing securities laws and regulating the securities industry, established in 1934.

Reserve Bank of Australia

The Reserve Bank of Australia is Australia's central bank, responsible for monetary policy, issuing the Australian dollar and maintaining financial system stability.

Superannuation (Australia)

Superannuation is Australia's compulsory retirement savings system, under which employers must contribute a legislated percentage of employee earnings into a super fund.

Kupat Gemel

A Kupat Gemel is an Israeli long-term provident fund used for retirement saving, offering tax benefits on deposits and withdrawals as an annuity.

Australian Securities and Investments Commission

The Australian Securities and Investments Commission is Australia's corporate, markets, financial services and consumer credit regulator, established in 1991.

JPMorgan Chase

Largest U.S. bank holding company by assets, with consumer banking, commercial and investment banking, payments, custody, asset management and wealth-management businesses.

S&P 500 Index

A float-adjusted, market-capitalization-weighted index of 500 leading U.S. large-cap companies maintained by S&P Dow Jones Indices.

Federal Funds Rate

The Federal Reserve’s key U.S. overnight interbank policy rate and monetary policy benchmark.

Bank of America

U.S. bank holding company providing consumer banking, wealth management, commercial banking and capital-markets services.

Vanguard Group

U.S.-based investment management company known for mutual funds, ETFs, indexing and a fund-investor ownership structure.

Australian Prudential Regulation Authority

Australia’s prudential regulator for banks, insurers and most superannuation entities.

Commonwealth Bank of Australia

Australia’s largest retail and commercial banking group, commonly known as CommBank or CBA.

Federal National Mortgage Association

U.S. government-sponsored enterprise known as Fannie Mae that supports the secondary mortgage market.

Federal Deposit Insurance Corporation

U.S. federal agency that insures bank deposits, supervises certain banks, and resolves failed insured depository institutions.

AustralianSuper

Australia’s largest profit-for-member superannuation fund, with more than A$430 billion in retirement savings managed for over 3.6 million members as of 30 June 2026.

Westpac Banking Corporation

Australian authorised deposit-taking institution and one of the country’s major banking groups.

Australian Taxation Office

Australia’s principal revenue collection agency and administrator of tax, superannuation and registry functions.

Morgan Stanley

U.S.-based financial services firm operating institutional securities, wealth management, investment management and banking businesses.

401(k) plan

A U.S. employer-sponsored retirement plan that allows eligible workers to contribute part of their pay to individual accounts.

United States Treasury bill

A short-term, marketable debt security issued by the U.S. Department of the Treasury.

Mutual fund

A U.S. mutual fund is an SEC-registered open-end investment company that pools shareholders’ money to invest in a portfolio of securities or other assets.

Deposit Insurance Fund

The Deposit Insurance Fund is the fund administered by the FDIC to insure deposits at covered U.S. banks and resolve failed insured depository institutions.

S&P/ASX 200 Index

Australia’s principal investable equity benchmark, tracking 200 large and liquid ASX-listed securities.

Pension Benefit Guaranty Corporation

U.S. federal corporation that insures private-sector defined benefit pension plans.

Australian Treasury

Central economic policy department of the Australian Government, advising on the Budget, taxation, financial system, macroeconomic policy and federal financial relations.

Australian cash rate

The Australian cash rate is the Reserve Bank of Australia’s operational target for monetary policy and the benchmark overnight rate in the Australian dollar money market.

Supervisor of Capital Markets, Insurance and Savings

Israel’s non-bank financial regulator for insurance, pensions, provident funds, long-term savings and regulated financial-service providers.

National Australia Bank

One of Australia’s major banks, providing retail, business, private and institutional banking services.

Securities Investor Protection Corporation

U.S. nonprofit corporation that protects customers of failed SIPC-member broker-dealers under the Securities Investor Protection Act.

Council of Financial Regulators

Australia’s non-statutory coordinating body for financial regulators.

State Street Corporation

Boston-based U.S. bank holding company focused on custody, investment servicing, markets, and institutional asset management.

Bank of New York Mellon

U.S. custody bank and financial services company focused on securities services, market infrastructure, investment management and wealth management.

American Express

U.S.-based financial holding company and global payments network best known for charge cards, credit cards, merchant acquiring, travel services, and premium consumer and business payments products.

Australian Competition and Consumer Commission

Australia’s national competition, consumer, fair trading and product safety regulator.

Bank bill swap rate

Australian dollar benchmark interest rate for short-term bank paper, widely used in loans, floating-rate notes and derivatives.

Australian Government Securities

Debt securities issued by the Commonwealth of Australia through the Australian Office of Financial Management.

Consumer Financial Protection Bureau

U.S. federal regulator for consumer financial products and services.

TA-125 Index

Broad benchmark equity index of 125 major shares listed on the Tel Aviv Stock Exchange.

Federal Home Loan Bank System

U.S. government-sponsored cooperative bank system that provides collateralized funding to member financial institutions for housing finance, liquidity, and community development.

National Credit Union Administration

U.S. federal regulator, chartering authority, and share-insurance administrator for credit unions.

Fedwire Funds Service

U.S. Federal Reserve real-time gross settlement service for same-day, high-value funds transfers.

Financial Claims Scheme

Australian government scheme protecting eligible bank deposits and general insurance claims after a failure of a covered institution.

Australian Retirement Trust

Australian profit-for-members superannuation fund formed by the 2022 merger of QSuper and Sunsuper.

Australian Financial Complaints Authority

Australia’s independent external dispute resolution scheme for eligible complaints about financial firms.

Future Fund

Australia’s sovereign wealth fund, established in 2006 to invest government assets and help strengthen the Commonwealth’s long-term financial position, including provision for unfunded public-sector superannuation liabilities.

Bachar Reform

Israel’s mid-2000s capital-market reform, which required banks to divest major holdings in mutual and provident funds to reduce conflicts of interest and broaden nonbank finance.

Treasury Inflation-Protected Securities

Treasury Inflation-Protected Securities (TIPS) are U.S. Treasury marketable securities whose principal is adjusted with changes in the Consumer Price Index for All Urban Consumers. They pay a fixed coupon rate on the adjusted principal and return at least the original principal at maturity, subject to the security’s terms.

Dividend Imputation in Australia

Australia’s dividend imputation system allows eligible shareholders to receive franking credits for company tax paid on profits distributed as dividends, and to use those credits as tax offsets under applicable rules.

Australian financial advice industry

The Australian financial advice industry comprises licensed businesses and authorised professionals that provide financial product advice, including personal advice to retail clients. Its activities are governed primarily by the Corporations Act 2001 and overseen by ASIC, with requirements that vary according to the advice, client and products involved.

Term deposits in Australia

Australian term deposits are bank deposits held for an agreed period at a fixed interest rate, generally with limited access before maturity and potential protection under the Financial Claims Scheme.

Citizens of Israel Fund

Israel’s sovereign wealth fund, established to manage state revenues from levies on profits from natural resources for long-term investment and intergenerational benefit.

529 plan

A U.S. tax-advantaged education savings or prepaid tuition program authorized by Section 529 of the Internal Revenue Code.

Superannuation guarantee (Australia)

Australia’s statutory requirement for employers to make minimum superannuation contributions for eligible workers.

Self-managed superannuation funds (Australia)

An Australian self-managed superannuation fund (SMSF) is a retirement savings fund whose members are also its trustees or directors of its corporate trustee, and are responsible for managing the fund and meeting its legal, tax and reporting obligations.

Israeli bank deposit market

The Israeli bank deposit market comprises the accounts and deposit products through which households, businesses, and other customers place funds with banks in Israel, including current accounts and interest-bearing deposits.

MySuper

Australian default superannuation product framework for simple, comparable retirement savings options.

Menora Mivtachim Pension Ltd.

Israeli pension and provident-fund management company within the Menora Mivtachim group.

Australian real estate investment trusts

Listed Australian property trusts, commonly called A-REITs, that give investors exchange-traded exposure to portfolios of income-producing real estate.

Australian life insurance industry

Overview of Australia’s life insurance market, including products, distribution, regulation, capital framework and links with superannuation.

Capital Market, Insurance and Savings Authority

Israeli regulator for insurance, pensions, provident funds, long-term savings and regulated non-bank financial services.

QSuper

Queensland-origin superannuation product and former public-sector fund now operated within Australian Retirement Trust.

Australian corporate bond market

Market for debt securities issued by Australian companies and other corporate borrowers, including domestic Australian-dollar bonds and offshore issuance by Australian entities.

Accountant General of Israel

Senior Ministry of Finance office responsible for Israeli government accounting, treasury operations, debt management, state guarantees, procurement controls and budget execution oversight.

FedNow Service

United States Federal Reserve instant payment infrastructure for 24x7x365 interbank clearing and settlement.

Harel Insurance Investments and Financial Services

Israeli listed insurance, savings, asset-management and credit group headquartered in Ramat Gan.

The Phoenix Holdings

Former name of Phoenix Financial Ltd., an Israeli listed insurance, asset-management and financial-services group.

Meitav Investment House

Israeli publicly listed investment house providing asset management, retirement savings, brokerage, portfolio management and non-bank financing services.

Clal Insurance Enterprises Holdings

Israeli financial holding company with insurance, long-term savings and credit-card businesses.

Altshuler Shaham Investment House

Israeli investment house offering savings products, investment management and related financial services.

Israeli managers’ insurance (Bituach Menahalim)

Bituach Menahalim is an Israeli life-insurance policy used for long-term retirement saving, commonly funded through employer and employee contributions. Depending on the policy, it can combine accumulated savings with life and disability cover. Its contractual terms, fees and retirement provisions vary by policy and date of issue.

Australian exchange-traded funds

Exchange-traded funds in Australia are pooled investment funds whose units are quoted and traded on a licensed Australian exchange. They provide exposure to assets such as shares, bonds, property, commodities and currencies, and are subject to Australian financial-services, market and tax rules.

Real Estate Investment Trusts in Israel

Real estate investment trusts (REITs) in Israel are publicly traded companies that invest in income-producing property under a dedicated tax framework. The framework, introduced in 2006, is intended to let investors access property through shares rather than direct ownership. Israeli REITs operate across commercial and residential property and are subject to distribution and listing requirements.

AMP Limited

AMP Limited is an Australian financial services company providing wealth management, superannuation, retirement, financial advice and banking services, principally in Australia and New Zealand. It is listed on the Australian Securities Exchange and traces its origins to the Australian Mutual Provident Society, founded in 1849.

Israeli depositor protection

Israel’s approach to protecting bank depositors relies on banking supervision and financial-stability measures rather than a statutory deposit-insurance scheme with a defined compensation limit. The Bank of Israel has described an implicit government guarantee, but that is distinct from a legally specified, automatic entitlement to reimbursement if a bank fails.

Israeli Financial Literacy

Financial literacy in Israel encompasses the knowledge, skills, attitudes and behaviors used to make financial decisions, supported by school curricula, public information and policy initiatives.

Israeli Private Equity Industry

An overview of Israel’s private equity market, including its fund structures, investment strategies, participants, regulation, and transaction activity.

Israeli financial-market response to the 2008 global financial crisis

The Israeli financial-market response to the 2008 global financial crisis involved sharp repricing of shares and corporate bonds, a severe interruption of non-bank credit, and policy measures by the Bank of Israel and the government. Israeli banks remained stable, while markets and economic activity were affected most strongly in late 2008 and early 2009.

Australian Treasury Notes

Short-term Australian Government securities issued at a discount and repaid at face value at maturity, used to manage the Commonwealth’s short-term financing needs.

Financial literacy in Australia

Financial literacy in Australia refers to the knowledge, skills, attitudes and behaviours that help people understand financial information and make decisions about earning, spending, saving, borrowing, investing and planning for the future. Australian policy increasingly uses the related term financial capability, which also emphasises applying knowledge in real-life circumstances.

Israel Bonds

Debt securities issued by the State of Israel and marketed internationally through designated organizations, including Development Corporation for Israel in the United States.

Israeli Pension Clearinghouse

Israel’s central digital system for exchanging pension-related information and requests among savers, employers and financial institutions. The service provides an overview of pension products and supports administrative processes under the supervision of the Capital Market, Insurance and Savings Authority.

Digital Bank One Zero

Israeli digital-only bank licensed by the Bank of Israel and launched to increase competition in retail banking.

Israel Postal Bank

Postal financial-services arm of Israel Post, providing low-cost current accounts, payments, remittances and related services under Ministry of Communications supervision.

TA-Banks 5 Index

Israeli equity index tracking five large bank shares listed on the Tel Aviv Stock Exchange.

TASE UP

A Tel Aviv Stock Exchange trading platform for securities offered to institutional and other qualified investors.

Social Security trust funds

The Social Security trust funds are two federal accounts that record income and expenses for the U.S. Social Security program and hold its accumulated reserves. The Old-Age and Survivors Insurance and Disability Insurance funds are managed by the Treasury and invest reserves in U.S. government securities under federal law.

Migdal Insurance and Financial Holdings

Israeli insurance, pension, provident and financial-services holding group listed on the Tel Aviv Stock Exchange.

Australian mortgage-backed securities

Debt securities backed by pools of Australian residential mortgages, used by banks and non-bank lenders for funding and by the RBA as eligible collateral under specified conditions.

Bank Hapoalim Securities

Former U.S. broker-dealer subsidiary of Bank Hapoalim used for securities trading services for the group’s customers.

Bank Yahav

Israeli retail bank historically associated with public-sector employees and jointly owned by Mizrahi-Tefahot Bank and a state-employee economic and cultural company.

Australian Securities and Investments Commission Innovation Hub

ASIC program that supports fintech and regtech firms in navigating Australian financial-services regulation.

Bank of Jerusalem

Israeli commercial bank focused on mortgages, deposits, consumer credit, construction finance and capital-market services.