New Index of Israeli Tech Companies Launched in New York

By Craig Tolliver
CBSMarketWatch, November 03, 2000 New Amidex index

TransNations Investments introduced the Amidex Israel Technology Index. TNI is also home to the Amidex35 Index, on which the Amidex35 (AMDEX: news, chart, profile) mutual fund is based. Portfolio manager Boaz Rahav confirmed to that a new fund based on the tech index is in the pipeline and should be open to investors by year-end. There are more than 140 Israeli companies trading on Wall Street. Most are technology companies, and most trade on the Nasdaq, TNI noted. The new index will track the "next generation" of Israeli companies, by including smaller capitalization companies, and excluding the largest capitalization companies -- which can be found on the Amidex35.

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AMIDEX Funds' distributor is Matrix Capital Group, Inc., 630-A Fitzwatertown Rd., Willow Grove, PA 19090

The AMIDEX35 Fund is not diversified and is composed of only 35 companies. All investments are inherently subject to market risk. The relatively limited liquidity of some of the equities in the portfolio may affect the fund's ability to acquire desired positions quickly or unable to dispose of securities at a desirable price and time. The fund also invests in foreign country securities which may involve economic, political and currency risks. These factors may adversely affect the value of your investment. The fund charges a 2% redemption fee for shares redeemed with 365 days of purchase.

An investor's return and principal value will fluctuate so that an investor's shares, when redeemed, may be more or less than their original cost. For a complete discussion of the risks, charges and expenses please call1-888-876-3566. Please read the prospectus carefully before you invest or send money. Matrix Capital Group, Inc., Willow Grove, PA 19090 distributes the Funds.

AMIDEX Funds, Inc. is an open-end investment management company currently consisting of one portfolio, the AMIDEX35 Israel Mutual Fund.

AMIDEX35 Israel Mutual Fund is the only fund to invest in Israel's 35 largest companies traded on U.S. and Tel Aviv Exchanges.