Harel Mutual Funds Ltd. is the fund management subsidiary of Harel Insurance Investments & Financial Services Ltd. (TASE: HARL) in Israel. The firm was founded by Ernst Kahn in 1940 as the Palestine Investment Association (PIA), an open-ended unit trust; and became known as Harel-Pia Mutual Funds Ltd. Headquartered in Ramat Gan, Harel Mutual Funds offers investors a selection of investment possibilities in Israel's capital market as well as in the global capital markets.