Full coverage· Economy· Updated
Savings Policies Show Mixed September Results; Altshuler, Ayalon Lag
In September, Israeli savings policies saw mixed results, with general tracks nearly flat and stock tracks up about 0.6%, boosted by a weaker shekel against the dollar. Clal Insurance leads the annual rankings for general tracks, while Hachshara Mitav topped the monthly general track performance.
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What happened
- 01September saw mixed returns for Israeli savings policies, with general tracks flat and stock tracks up 0.6%.
- 02The Israeli shekel's 2.5% depreciation against the dollar significantly boosted foreign investments for savers.
- 03Clal Insurance leads the annual performance for general savings policy tracks, while Hachshara Mitav led in September.
- 04Hachshara Hachshara and Hachshara Mitav tied for the top monthly return in stock-based savings policy tracks.
- 05Ayalon demonstrates strong long-term performance in general tracks, leading over three years despite a September dip.
- 06Savings policies offer tax deferral but can have management fees up to 2%, higher than investment provident funds.
Stock tracks were led by Hachshara Hachshara and Hachshara Mitav for the month, but Clal Insurance leads year-to-date and annually. Savings policies offer tax deferral but come with potentially high management fees.
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