Savings Policies See October Declines; Yelin Lapidot Leads General Track
Translated & summarized from N12 by baba
Savings policies in Israel saw an average decline of 0.5% in the general track and 1.35% in the stock track during October, largely due to local market drops. Hachshara Yelin Lapidot was the only company to post a gain in the general track for the month. Clal leads in year-to-date and 12-month performance for both the general and stock tracks. Preliminary data indicates these figures are before management fees.
The story in 5 lines · by baba
- Savings policies in Israel experienced declines in October, with the general track down 0.5% and stock track down 1.35%.
- Hachshara Yelin Lapidot was the only company to achieve a gain in the general track during October.
- Clal leads year-to-date and 12-month performance in both the general and stock tracks.
- The local market's decline was the primary driver of losses for savings policies in October.
- Returns are preliminary and do not include management fees.
Savings policies in Israel experienced declines in October, with the general track falling by an average of approximately 0.5% and the stock track by about 1.35%. The local market was the primary driver of these losses, as the Tel Aviv 35 index dropped 1.4% and the Tel Aviv 90 index fell 1.9% by the end of the month. In contrast, the S&P 500 rose 0.9%, while the Nasdaq lost 2.5%. The Israeli Shekel weakened by about 1.7% against the US dollar, which helped mitigate losses in foreign investments.
Within the general track, where most of the funds in savings policies are managed, Hachshara Yelin Lapidot was the only company to finish the month with a gain, reporting an increase of approximately 0.1%. Hachshara Mor followed with a 0.05% decrease, and Hachshara Analyst with a 0.1% drop. At the bottom of the monthly table were Menora, Ayalon, and Migdal, with losses of 0.65%, 1.30%, and 1.45% respectively. Year-to-date, Clal leads the general track with about 7.8% returns, followed by Hachshara Mor at 7.4% and Menora at 6.9%, compared to an average of around 6.3%.
In the stock track, which requires at least a 75% exposure to equities, Hachshara Yelin Lapidot also showed the most resilience, with a modest decrease of about 0.1%. Hachshara Mor and Hachshara Analyst followed with losses of around 0.5%. Harel, Ayalon, and Migdal were at the bottom of this track, with losses of 1.8%, 3.0%, and 3.25% respectively. Clal dominates the stock track for the year, with approximately 13.2% returns year-to-date and 17.9% over the last 12 months.
Over the past three years, Ayalon leads the general track with about 52.7% returns, while Clal leads the stock track with approximately 93.1%. It is important to note that the reported returns are before management fees, and October's figures are preliminary estimates.
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