Meitav

August data reveals a significant trend in the capital market as investors redeemed approximately 1 billion shekels from Israeli stocks, opting instead to move large sums into foreign assets and money market funds.

Meitav raised management fees for members in the default pension fund during the first 10 years, despite the Capital Market Authority prohibiting it. As part of a settlement, Meitav will return money to 10,500 customers, totaling 1.2 million shekels. Active savers will receive the refund in the form of an exemption from management fees for 7 months.

Phoenix becomes the third largest entity in the provident fund industry. Clal Insurance has its strongest month ever. Altshuler Shaham and Yelin Lapidot continue to lose money at a high rate.

Psagot, which manages 47,000 independent trading accounts, reveals the preferences of the private traders operating through it. They love the S&P 500 and TA-125 indices, technology stocks, banks, and Bitcoin funds. What other investments do they prefer in Israel and abroad?

The largest investment house in Israel concluded a record quarter with a net profit for shareholders of 142 million shekels and net inflows of more than 14 billion shekels. The stock has risen by 42.5% in the last year - but where is all this money coming from, and what does it mean for your pension savings?

Four of the five leading funds in terms of year-to-date yield belong to one investment house. However, is the market leader always the best choice, or should investors look closer at management fees? We analyze how to select a money market fund.

July continued the trend of recent months in the mutual fund industry. The industry raised a total of about 3.3 billion shekels, with the volume of managed assets rising from 826.6 billion shekels to about 831.7 billion.

Equity and general investment tracks ended the month with negative returns of 0.9% and 0.5% due to market volatility. Despite declines in the US, the S&P 500 track recorded a positive return of 2.4% thanks to the strengthening of the shekel.

Zvi Stepak, founder of the Meitav investment house, managing nearly half a trillion shekels, shares his market outlook. He advocates for caution, diversification, and the ability to admit mistakes in a volatile financial landscape.