| Investing.com News Israel
The Israeli mutual fund industry sums up November, which was a month of raising and rising yields. According to a monthly summary made by Sean Ashkenazi, director of consulting at the Meitav Dash investment house, November amounted to a total monthly raising of about NIS 2.9 billion.
| Main results in mutual funds in November
Traditional active funds continue to stand out this month as well, raising about NIS 1.8 billion.
In the passive industry, there was a nice recovery when the imitators raised about NIS 1.1 billion and the mutual funds returned to raise about NIS 0.5 billion.
The most significant raising in the active industry continues to be the property of general bond funds, with the continuation of a trend of decentralized fundraising also in the direction of funds that specialize in shares in Israel, funds that specialize in shares abroad, corporate and convertible funds and state bonds.
The total assets of the entire industry increased in November by about NIS 3.5 billion, from NIS 387.8 billion to NIS 391.3 billion, an increase of about 0.9% when almost all the increase was due to fundraising and not yield.
| November in the financial markets
November was marked by a mixed trend in everything related to the stock markets in Israel and the United States.
Overseas stock markets ended the month with declines: the index fell by 0.8% and the index rose by 0.3%. The German index fell by 3.8%, the Japanese index also fell by a similar rate of 3.5%.
The Israeli stock market ends November with moderate price increases, with the index rising by 0.7% and the index rising by 1.4%.
Corporate bonds conducted in a negative trend. The indices decreased by 0.3% to 0.5%. The general corporate bond index rose by 0.2%. The general government bond index rose by 1.7%.
| The traditional active industry in a cross-section of categories
The trend continues: the largest category in its assets, by a considerable margin, from the other investment categories – the general bond category, continues to be the leader in fundraising as well. .
In November, this group raised a similar fundraiser to October, in the amount of NIS 1.3 billion.
Funds that specialize in government bonds with a handsome raising of about NIS 360 million.
The funds that specialize in corporate bonds also continue to raise very handsome sums in all types of funds, this month amounted to about NIS 340 million.
The funds that specialize in shares are raising NIS 150 million this month, and this is happening under the leadership of funds that specialize in shares in Israel, which have raised about NIS 310 million. The flexible funds also raised NIS 30 million. On the other hand, funds that specialize in shares abroad continue the trend of redemptions and redeemed about NIS 190 million this month.
Another traditional group that continues to suffer from an outflow of funds in November, is a group of foreign bond funds with an outflow of about NIS 370 million.
| The financial funds
Against the background of the zero interest rate, the massive outflow of funds from the mutual funds continues, which this month amounted to a revenue of about NIS 500 million.
About 60% came from the shekel funds and about 40% from the dollar funds.
| Passive industry – mutual funds and imitation funds
Unlike previous months, which were characterized by redemptions due to regulatory constraints, in November there was a handsome fundraising of about NIS 0.5 billion in the basket funds.
The imitation funds continue to raise at a similar rate and this month raised about 1.1 billion.
The most recruiting category was that of shares in Israel, with a handsome raising of about NIS 730 million. Unlike October, in which the mutual funds redeemed in this category, this month they contributed about NIS 380 million to this fundraising, while the imitation funds recorded another month of handsome fundraising in the category of about NIS 350 million.
In the category of foreign shares, an impressive NIS 400 million was raised in the imitation funds. Compared to the last month of redemption, NIS 190 million was raised in the basket funds, which led to a NIS 590 million raise in the category.
The companies and conversions category raised a handsome sum of about NIS 480 million. The mutual funds contributed NIS 130 million to the raising in the category. Mimicking funds with a raising of about NIS 350 million, a significant increase in the entry of funds into this category compared to previous months.