The Bank of Israel carried out a series of quantitative easing measures for the first time since the global financial crisis, buying government bonds of various types and maturities in the open market. As such, Israel stocks showed strength as economic damage from the coronavirus outbreak was less than initially feared.
Holds 39 stocks in its basket with AUM of $24.7 million. Contains an average trading volume of 8,000 shares. Sector Breakdown:
Cyclical 2.9%
Defensive 30.3%
Communications 13.3%
Industrials 5.17%
Technology 48.2%
Top Holdings:
Ituran Location and Control Ltd
Gilat Satellite Networks Ltd
Taro Pharmaceutical Industries Ltd
The fund normally invests at least 80% of its total assets in securities that are included in the fund's benchmark index, depositary receipts representing securities included in the index or underlying stocks in respect of depositary receipts included in the index.
CFRA rated it a 1/5 on 12/31
Managed by Catherine Wood and running a 0.48% management fee.
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