Economy · Full coverage
Yelin Lapidot Tops July Returns in Israeli Provident Funds Despite Negative Yearly Trends
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Mako · 31 minutes ago
What happened
Israeli provident funds saw negative returns in July, with Yelin Lapidot leading the general track despite poor yearly performance. The S&P 500 track rose due to a stronger dollar. Clal leads year-to-date returns, and provident funds continue to offer substantial tax benefits for employees and self-employed savers.
- 01July saw negative returns of 0.5% in general and 0.9% in equity provident fund tracks.
- 02Yelin Lapidot led July's general track but ranks last for the year so far.
- 03Altshuler Shaham tops the equity track for July with improving returns.
- 04S&P 500 track rose 2.4% in July due to a stronger US dollar against the shekel.
- 05Clal leads year-to-date returns with 6.8% in the general track and 11.2% in equity.
- 06Provident funds offer significant tax benefits and liquidity after six years for savers.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
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