The declines in the markets, along with the rise in interest rates, affected the mutual fund industry in June, with redemptions in traditional funds standing out on the one hand and raising in mutual funds on the other. The financial funds that are in fact the most solid funds allow holders to invest in a liquid, risk-free channel and low management fees. This is a good alternative, even excellent for holding deposits and investing in other solid channels, and in June the public returned to these funds with NIS 1.5 billion raised. (For more on financial funds, management fees and performance of fund managers). This raising offset the redemptions in the traditional industry so that in total the volume of redemptions was surprisingly good – about NIS 1.5 billion. There is a change of tastes in the funds, there is a transition to monetary funds and also a transition from active to passive funds, but there are no large redemptions and no radical change of tastes. Meanwhile, the end of June was good in the markets and also the beginning of July.
Place at the top – the table of great executives
Psagot and Harel stood out in June in fundraising thanks to the funds, while the bleeding in Altshuler continued when significant redemptions were also at their best. From the beginning of the year, the magic of recruitment has been evident.
Fundraising – a rate of NIS 100 million at the end of the month
Yellin Lapidot continues to be the leading fund management company in the traditional field and the largest recruiter (and almost the only one since the beginning of the year, alongside Epsilon). Yellin Lapidot, which specializes in stock and bond selection, is by definition an active manager, one whose managers and analysts analyze and examine and then buy or sell securities. Cyber ”mimics the US cyber index – AI-neutralized currency” This launch is a statement The question is whether Yellin Lapidot is on the way to launching more funds. It’s going to stay.
The public is gradually moving to passive funds
The mutual funds manage to raise despite the storms in the markets and the redemptions in the fund industry. The imitating funds are also in a fairly reasonable position, the redemptions in June were small, and in general the trend of strengthening the passive industry continues. Prominent in mutual funds – Kesem, with leadership in fundraising in June and since the beginning of the year. She has the best second in the volume of assets under management and Moore has a second in the volume of fundraising. 
In the imitation funds, Migdal leads in terms of money and leads in fundraising – a charm that is second to Migdal in terms of money. In the passivity industry, magic leads, followed by Meitav. 
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