Economy · Full coverage
Altshuler Shaham Surprises by Leading June Performance in Israeli Provident Funds
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Mako · 15 minutes ago
What happened
In June, Altshuler Shaham was the only Israeli provident fund to post positive returns amid a sharp 8.7% drop in the Tel Aviv 35 index, helped by US dollar gains and US stock exposure. Despite this, Clal leads year-to-date returns, and Phoenix holds the top spot over three years.
- 01Altshuler Shaham was the only fund with positive returns in June, at 0.04%.
- 02Tel Aviv 35 index fell about 8.7% in June, impacting most provident funds.
- 03US dollar strengthened 5.9% against the shekel, easing losses for funds with foreign exposure.
- 04Altshuler Shaham led equity funds with a moderate 0.68% decline in June.
- 05Clal leads year-to-date general track returns with 7.55%.
- 06Phoenix leads three-year cumulative returns at around 47%.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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