Stock indexes on both the Tel Aviv Stock Exchange and Wall Street took a considerable beating in the July-November timeframe. The Tel Aviv 25 index fell 12% compared to the S&P 500 in the U.S., which dropped 8%. In contrast to stocks' decline, the Tel Aviv 20 Bond Index stayed stable during that time, while earning a 7% inflation-adjusted annual yield, providing a safer alternative to volatile market activity.
A few Israeli stocks bucked the system, though, in the past three months, including the S&P-Tel Aviv Energy Harel ETF (up 24%), Rami Levi (grocery chain, up 26%) and Fundtech (computers, up 55%).
Outperforming Israeli Stocks
Comments 1
The Tel Aviv 25 Index is a capitalization-weighted index of 25 stocks traded on the Tel Aviv Stock Exchange (TASE). The Index was developed with a base value of100 as of December 31, 1991. TA-25 is a total return index.