Defiance Launches First Israel Bond ETF (CHAI)

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Defiance, a leading ETF sponsor focused on income and thematic investing, has introduced the first Israel Bond ETF, trading under the ticker symbol “CHAI” on the New York Stock Exchange (NYSE). The Defiance Israel Bond ETF aims to provide investors with liquid access to Israel government and corporate bonds through the ETF structure, allowing daily buying and selling in brokerage accounts or with financial advisors.

The CHAI ETF predominantly invests in Israel government and corporate bonds denominated in both USD and ILS, offering diversified exposure to the Israeli fixed-income market. It will track the MCM (Migdal Capital Markets) BlueStar Israel Bond Index, which monitors the performance of 35 USD and shekel-denominated bonds issued by the Israeli government or corporations.

Defiance, founded in 2018, specializes in thematic and income-focused ETFs. The introduction of the Israel Bond ETF expands Defiance’s offering into the international fixed-income market, providing investors with a new avenue for exposure to Israel’s bonds.


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