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Israeli Study Funds See Losses in October, Mor Leads in Key Sectors
Most Israeli study funds experienced losses in October, with stock investments seeing widespread declines. Mor was the only fund to achieve a positive return in the general track, while all funds reported losses in their stock portfolios.
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What happened
- 01Most Israeli study funds faced losses in October, with stock investments declining across all major providers.
- 02Mor was the sole fund to achieve a positive return in the general track, posting 0.35%.
- 03All ten major fund managers are expected to report negative returns in their stock track portfolios.
- 04The average return for the general track was approximately -0.25%, and -1.15% for the stock track.
- 05The Israeli stock market indices, TA-35 and TA-125, also saw significant drops in October.
The Israeli stock market also declined, though the weakening Shekel offered some mitigation. Final performance data for October is anticipated in mid-November.
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