Our 'Mutual' Friend: 2013 Mutual Funds Break All Records in Israel

NIS 25.8b raised in first five months of year, already exceeding total for 2012, figures from Meitav show. Bank reforms from 2005 credited for stunning success.

Israel's mutual fund industry is enjoying a banner year, with the funds raising a net NIS 25.8 billion in the first five months of 2013, some NIS 6 billion more than in all of 2012, according to figures just released by Meitav Investment House.