Israeli Investors Start Return to Stock Market
Written by: Aaron Katsman | March 23, 2009
It looks like the trend for Israeli investors to park their money in short-term bank deposits, has slowed. According to an article in Globes: “The Bank of Israel reported that assets held in banking accounts fell by 4.7% and deposits and in particular short term deposits, which plunged by NIS 11 billion. In contrast there was a 6% increase in investments by Israelis in TASE-listed stocks (NIS 230 billion in January 2009 compared with NIS 227 billion in December 2008) and on overseas stock exchanges (NIS 210 billion in January 2009 compared with NIS 198 billion in December 2008). There was also an increase of NIS 13 billion (5.7%) over this period in the index-linked tradable bonds held by Israelis.”
Part of this also has to do with the outperformance of the local Tel-Aviv Stock Exchange with a positive performance this year.
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