Phoenix Acquires Actively Managed Mutual Funds with NIS 22 Billion Assets Under Management from Psagot

TEL AVIV, Israel--(BUSINESS WIRE)--Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (TLV:PHOE) (“Phoenix,” the “Group,” or the “Company”), today announced that it is acquiring actively managed mutual funds with NIS 22 billion AUM from Psagot Investment House. Highlights Phoenix Investment House acquires actively managed mutual funds with NIS 22 billion in assets under management from Psagot Mutual Funds The acquisition represents another step in the execu