Migdal Capital Markets Investment House recorded record results in the past year, with a 109% jump in profit (before tax), which reached NIS 59 million. This amount reflects a jump of almost 3 times in relation to the profits of the investment house (before tax) in 2019, before the corona, so they amounted to about NIS 20 million. This is in view of the extensive growth recorded in its activities.
Migdal Capital Markets also shows an annual increase of 39% in revenues, which reached NIS 241 million, and a significant increase in the volume of managed assets, which grew by 33% to NIS 59 billion – an all-time record for the Migdal Group Investment House. And managed by Sagi Stein.
Migdal Capital Markets’ mutual fund company summed up 2021 as the largest fundraiser in the industry, after doing so in 2020. The company recorded an unprecedented achievement in the mutual fund industry when it led the fundraising in the industry for 20 consecutive months, raising NIS 9.2 billion in mutual funds. Considerable from the competition.
The portfolio management company raised about NIS 1.2 billion, growing in annual revenues by about 41% and about 26% in assets under management. The MCM cyber fund for foreign customers has grown in the past year by about 13% to about $ 117 million.
As part of the investment house’s activities in the past year, it has issued a number of new alternative products and opened a new insurance agency.
CEO Sagi Stein said in publishing the business results that “behind the achievements is our business strategy, and it is on the one hand to create value for investors through quality traditional investment management, and on the other hand to issue a variety of unique products and investment solutions.”