Economy · Full coverage
Israeli Provident Funds Show Resilience Despite June Market Declines
How 3 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Mako · 3 hours ago
What happened
Israeli provident funds experienced a rare negative month in June 2024 due to geopolitical developments, but still posted strong half-year and three-year returns. Altshuler Shaham outperformed peers in June thanks to foreign exposure, while Clal Insurance leads year-to-date returns. The market downturn underscores the value of investment diversification.
- 01June 2024 marked only the second losing month for Israeli provident fund savers this year.
- 02General provident fund tracks gained nearly 6% in the first half of 2024, with 43.2% over three years.
- 03The US-Iran ceasefire caused a nearly 10% drop in the Tel Aviv 125 index in June.
- 04Altshuler Shaham led June returns with a slight positive in general tracks due to high foreign exposure.
- 05Clal Insurance leads year-to-date returns with 7.6%, followed by Harel and Migdal.
- 06Pension funds showed smaller June losses and stronger year-to-date returns than provident funds.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 3 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
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