Despite some market challenges, Israel’s largest training funds saw a relatively small decline in performance in August. The month closed with a slight decrease, despite a strong market recovery in the last part of the month. The increase in the value of the dollar, approximately 2.9%, also contributed to the overall returns.
how Israel’s largest training funds demonstrated resilience in their August
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According to Meitav’s general forecast, the general training funds experienced only a minor decline of about 0.2% in August. This was despite the S&P500 index falling by about 1.8% and the Nasdaq by 2.2%.
The forecast suggests that Yelin Lapidot will lead the way in terms of performance since the beginning of the year, with a return of about 9.86%. This is followed by an analyst with approximately 9.75%, assuming these predictions hold true.
Here are some of the factors that contributed to the performance of Israel’s largest training funds in August:
- The strong recovery in the market in the last part of the month.
- The increase in the value of the dollar.
- The relatively diversified portfolios of the training funds.
The performance of Israel’s largest training funds in August is a positive sign for the Israeli economy. It suggests that the economy is still resilient despite some challenges. Investors who are looking to invest in Israel’s training funds should consider the factors mentioned above.
Source: Funder.co.il