Israeli Mutual Fund Industry Sees Strong September Inflows
Translated & summarized from TheMarker by baba
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Original"המוסדיים יושבים על הגדר": לאן הלך הכסף של הציבור בספטמבר?The story in 5 lines · by baba
- Mutual funds raised 6.4 billion shekels in September.
- Money market funds attracted nearly half of the total inflows.
- Investors continue to favor money market funds despite lower interest rates.
- Altshuler Shaham and IBI were the only firms with net inflows in September.
- Meitav and Harel lead year-to-date fundraising.
Israel's mutual fund industry attracted approximately 6.4 billion shekels in September. Nearly half of this amount, 3.4 billion shekels, was directed into money market funds. An industry executive noted that despite a slight decrease in interest rates, the public continues to invest heavily in these funds, a trend expected to persist.
Altshuler Shaham and IBI were the only entities to report net inflows during September. However, since the beginning of the year, Meitav and Harel have led the industry in fundraising.
Read the original at TheMarker
