Securities Authority Chairman Anat Guetta (Inbal Marmari Photography)
The power of the Israeli economy is gaining further validity. The important international index company MSCI announced today to the Securities Authority that it is examining Israel’s entry into the important European ratio indices. The immediate implication of this is the influx of investors’ money into the local economy, even to adhere to the ratio indices, and this is a significant figure for the local capital market, the real economy and the shekel, which will be under additional pressure.
The Securities Authority stated that “this decision was made against the background of a professional process conducted by the Authority’s staff over the past two years, led by the Director of the International Department and Business Development, Adv. Ofir Eyal, with the Index Company Public capital in Israel, among other things, by opening up the market to international players and thus placing the Israeli capital market in line with the world’s leading capital markets.
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“Israel’s joining the European benchmark indices is expected to inject billions of dollars into the Israeli capital market, and increased exposure of Israeli public companies to diverse international investors, whose presence is expected to create great added value for the local capital market and the Israeli economy as a whole.”
The Authority also stated that the many benefits inherent in international investors include, among other things, exposure to the strong Israeli currency, diversification of the investment portfolio, and exposure to sectors in which the Israeli market excels, such as the high-tech industry.
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