Meitav Dash estimates that the provident funds and the large general education funds will show a negative nominal (gross) nominal return of 0.7% in February 2022. This expected return also represents the picture in the industry as a whole, with the yield range of all funds expected to range from a negative return of 0.3% to a negative return of 1.2%. The increases recorded in recent days have saved investors another negative return of more than 1%.
In February, price declines were recorded in all major investment channels: in the world stock markets, in corporate and government bonds in Israel, and these acted as a negative factor in the fund’s returns.
Global stock markets have shown price declines.
In the US: Sharp price declines when the Dow fell 3.5%, the S&P fell 3.1% and the Nasdaq fell 3.4%.
In Europe, there were even sharper price declines: the German DAX fell by 6.5%, the French CAC fell by 4.9% and the Eurostoxx 50 fell by 6.0%.
In Japan: The Nikkei was down 1.8% at 1.8%.
The global index of emerging markets fell by 3.1%.
All of these in currency terms of those countries.
There was a mixed trend in the stock market in Israel: the Tel Aviv 35 Index rose by 2.9%, the Tel Aviv 125 Index rose by 1.3%, the Tel Aviv 90 Index fell by 2.1%, and the Over-60 Index fell by about 4.7% .
The local corporate bond showed a negative trend. The Tel Bond 20 index, the Tel Bond 40 index and the Tel Bond 60 index decreased by 1.3%, 1.0% and 1.2%, respectively. The unrated bonds decreased by 0.3%. The bond index General Concern decreased by 1.0%.
The government bonds index decreased by 2.1%, double the decrease in the corporate bonds index, while the index-linked bonds decreased by 2.8%, while the shekel bonds decreased by 1.9%.