2023-11-28 06:00:52
Shmuel Frankel, chairman of the Epsilon investment house, has shared his unique perspective on the impact of war on the economy. With nearly four decades of experience in the capital market, Frankel has witnessed numerous economic crises and recoveries. Drawing from his experiences, he predicts a positive outlook for the local market in the aftermath of the current war.
In a recent interview with Globes, Frankel reflected on his personal experiences during the Six Day War and the subsequent economic transformation that followed. He believes that similar opportunities for growth and recovery will emerge once the current conflict concludes. Frankel forecasts strong returns for investors in the coming years and anticipates a significant strengthening of the shekel.
When asked about the best sectors for investment, Frankel recommends focusing on solid shares, specifically in banks and infrastructure. He also stresses the importance of diversifying investment portfolios and suggests incorporating medium to long-term bonds into the mix.
However, he advises against investing in certain industries such as credit, fashion, and real estate companies, which he believes are facing challenges in the current economic climate. Frankel’s cautious approach extends to his skepticism about investing in gold as a form of market hedge.
Regarding the foreign exchange market, Frankel predicts a potential strengthening of the shekel in an optimistic scenario, but acknowledges that uncertainties surrounding the war could impact currency fluctuations.
In summary, Shmuel Frankel’s insights provide a valuable perspective for investors navigating the current economic landscape. With his extensive experience and strategic approach to market trends, his forecasts and recommendations offer valuable insights for those looking to make informed investment decisions in the midst of ongoing geopolitical events.
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