2007: Another boom year?
January was a terrific month for investors, despite the serial political scandals rocking the nation.
The TA-25 index gained 2.7%, the TA-100 index rise 4% and the TA-75 index jumped by 5.6%. Nor were smallcaps scorned: The broad market Yeter-150 index gained 4.8%.
A breakdown by sector shows that the Tel Aviv Real Estate-15 index gained 5.6%. Banks however retreated: the Banks index lost 2.9%.
The leaping share prices did well by mutual funds. The Meitav index of all mutual funds gained 1.9% in January 2007, more than a third of the index's gain in all of 2006.
|1||Helman Aldubi Opportunity||Flexible||15.9%|
|2||Helman Aldubi Real Estate||Real estate stocks||14.8%|
|3||Dikla Yeter Stocks||Broad market stocks||11.7%|
|4||Africa Real Estate||Real estate stocks||11.5%|
|5||Active Real Estate||Real estate stocks||11.0%|
|6||PKN Plus TA-75 Selection||TA-75 stocks||10.9%|
|7||Gaon Yeter Focus||Broad market stocks||10.4%|
|8||Tamir Fishman Yeter||Broad market stocks||10.3%|
|9||Migdal Yeter x120%||Broad market stocks||10.1%|
|10||Dikla Real Estate||Real estate stocks||9.6%|
Funds with a flexible investment policy reported returns of 5.1% and mutuals focusing on Israeli stocks gained 4.7%. Funds investing in foreign stocks returned 2.5%. Mutuals specializing in all bonds returned 2% and funds focusing on Israeli got bonds returned 1.4%.
After months of losing money, funds specializing in foreign currencies reversed direction and returned 1.8%. Funds working with fixed-income bonds advanced by 0.6%.
The bottom line is that 96% of all mutual funds posted positive returns in January. A good month indeed.
|1||Prisma China||Foreign stocks (geography)||-4.8%|
|2||IBI China||Foreign stocks (geography)||-3.9%|
|3||Apex China India||Foreign stocks (geography)||-3.5%|
|5||Alumot Black Gold||Foreign stocks (sector)||-2.4%|
|6||Excellence-Nessuah BRIC Exposure||Foreign stocks (geography)||-1.9%|
|7||Prisma Emerging Markets||Foreign stocks (geography)||-1.7%|
|8||Gaon Futures||Foreign bonds||-1.6%|
|9||Quattro Shekel and Commodities||Commodities||-1.4%|
|10||Emda Europe (Menorah)||Foreign stocks (geography)||-1.4|