Israel has launched its fifth competitive process to search for more natural gas in the country's economic waters, Energy Minister Eli Cohen said on Monday, seeking to bolster domestic reserves while increasing exports.
The U.S.-Israel attacks on Iran killed the Islamic state's Supreme Leader Ayatollah Ali Khamenei, triggering retaliatory strikes from Tehran. Iran has retaliated against U.S. and Israeli aggression with strikes against multiple Gulf nations.
iShares MSCI Israel ETF (EIS) is upgraded to a buy, reflecting strong valuation and technical momentum. EIS has surged 64% since April, outpacing the S&P 500, with robust A+ momentum and attractive 13.7x P/E and 1.48x PEG ratios. The ETF is concentrated in Financials and Information Technology, with notable risk from portfolio concentration and geopolitical volatility.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 32 | $3,713.28 | $3,905.92 | $192.64 | 5.19% |
| YA Yinka Akinsola Blue Trust Inc. | 4,112 | $307,791.64 | $500,265.92 | $192,474.28 | 62.53% |
| YL Yosef Levy Y.D. More Investments Ltd. | 612 | $42,213.23 | $74,657.88 | $32,444.65 | 76.86% |
| SE Sima Elimelech Activest Wealth Management | 625 | $62,687.5 | $76,812.5 | $14,125 | 22.53% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 45,170 | $4.62M | $5.54M | $922,696.85 | 19.98% |
| ARCA Exchange | US Country |
The company is focused on providing investment opportunities in the Israeli equity market, drawing on the performance of a market capitalization-weighted index. This index embodies large-, mid-, and small-cap segments, ensuring a broad representation of the market. Operating with a minimum of 80% of its assets invested directly in the securities that compose the underlying index or in investments that mimic their economic characteristics, the company aims to replicate the index's performance. It operates with a non-diversified fund structure, concentrating its investments more specifically than diversified funds might.
This service allows investors to partake in the Israeli equity market efficiently. By investing in a wide range of companies from various sectors, sizes, and market capitalizations, participants can potentially benefit from the growth and dynamics of Israel's economy.
The core of this offering lies in the underlying index, which is a free float-adjusted, market capitalization-weighted index. This index provides a comprehensive gauge of Israel's equity market performance, covering large-, mid-, and small-cap segments. By closely aligning the fund's investments with the composition of this index, the company seeks to offer predictable and closely indexed market returns, simulating the performance of the Israeli equity landscape.
Contrary to diversified funds, this product focuses on investing a larger share of its assets into fewer holdings that replicate the index's composition. This strategy aims to achieve significant exposure to the index's returns, albeit with potentially higher volatility and risk due to the concentration of investments. It's designed for investors seeking targeted exposure to the Israeli market.