Israeli Study Funds Show Flat Returns in September Amid Election Uncertainty
Translated & summarized from TheMarker by baba
Israeli study funds saw returns close to zero in September, with "Clal Insurance" and "Migdal" at 0.17% and "Altshuler Shaham" at -0.31%. The stock track saw "Harel Insurance" lead with 0.85% and "Yelin Lapidot" last at -0.08%. Investment managers expect election results to significantly impact the market.
The story in 5 lines · by baba
- Israeli study funds yielded returns near zero in September.
- "Clal Insurance" and "Migdal" reported the highest returns at 0.17%.
- "Altshuler Shaham" posted a negative return of 0.31%, ranking last.
- In stock tracks, "Harel Insurance" led with 0.85% and "Yelin Lapidot" was last at -0.08%.
- Investment managers anticipate election outcomes will influence market performance.
Study funds in Israel experienced near-zero returns in September, with performance varying slightly among different management companies. Overall, the average return hovered around the zero mark. "Clal Insurance" and "Migdal" led the market with a modest positive return of 0.17%, while "Altshuler Shaham" recorded a slight negative return of 0.31%, placing it at the bottom of the rankings.
In the stock-focused track, "Harel Insurance" achieved the highest return at 0.85%. Conversely, "Yelin Lapidot" finished last in this category, being the only one to post a small negative return of 0.08%. Investment managers are reportedly anticipating market fluctuations influenced by the upcoming election results.
