News Column

BRIEF: Downturn for equity funds in May

June 1, 2014

By Kobi Yeshayahou, Globes, Tel Aviv, Israel

June 01--May was a positive month on Israel's capital markets. The main stock, government bond and corporate bond indices all rose. As a result, the mutual funds took in some NIS 5.5 billion last month, 20% more than in April, taking the funds over the NIS 200 billion assets mark. The May influx was led by general bond and government bond funds, which together have raised some NIS 22 billion since the beginning of this year, according to estimates by the Meitav Dash investment house.

Equity funds, however, experienced a downturn, raising NIS 150 million in May, 40% less than in April. Equity and flexible funds investing in Israeli stocks raised NIS 85 million, while funds specializing in overseas stocks raised NIS 70 million. The equity funds have raised NIS 2.5 billion year-to-date.


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Source: Globes (Tel Aviv)

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