Altshuler Shaham Falls to Bottom in September Pension Fund Returns

In September, the investment house Altshuler Shaham, which had previously led the provident fund market for three months, dropped to the bottom of the general track rankings. However, in the stock track, the company, currently undergoing a change of ownership, achieved an average return placing it in the middle of the table. The general track for provident funds saw an almost zero average return in September due to mixed market performance both domestically and internationally. Clal Insurance and Migdal led this track with a positive return of 0.2%, followed by Menora Mivtachim, Harel, and Infinity with 0.1%. Altshuler Shaham recorded a negative return of 0.3% in the general track for the month, while Yelin Lapidot, Analyst, and More also posted negative returns. Year-to-date, Clal Insurance leads the general track with an 8.6% return, followed by More at 7.6%, and Migdal, Menora, and Infinity at 7.1% each. Yelin Lapidot, Analyst, and Altshuler Shaham are at the bottom of the year-to-date general track rankings.

The stock track for provident funds yielded an average return of approximately 0.5% in September. The track following the US S&P 500 index saw a higher average return of 2.1% for the month, largely due to the strengthening shekel. However, year-to-date, the stock track leads with an average return of about 12%, compared to the S&P 500 track's 7.9%. Harel Insurance and Infinity Investment House topped the stock track for September with a 0.9% return. Yelin Lapidot, Menora Mivtachim, and Phoenix experienced negative returns in this track. Year-to-date, Clal Insurance leads the stock track with a 14.1% return, followed by More at 13.8% and Harel at 12.9%. Yelin Lapidot, Altshuler Shaham, Analyst, and Phoenix are at the bottom of the year-to-date stock track rankings.

In pension funds for individuals aged 50 and under, Infinity Investment House took first place in September with a 1.1% return, followed by Harel with 1% and Phoenix with 0.8%. Altshuler Shaham was at the bottom with a 0.2% return. However, looking at the year-to-date performance for younger pension fund participants, More leads with an 11.5% cumulative return, followed by Clal (10.2%) and Harel (9.9%). Altshuler Shaham, Phoenix, and Migdal are at the bottom of this year-to-date ranking. In the crucial three-year long-term outlook for pension funds, More again shows the highest return at 56.7%, with Clal second at 53.5% and Phoenix third at 53.3%. Harel, Altshuler Shaham, and Migdal are at the bottom of the three-year ranking.