The Israeli capital market of the past few weeks bears almost no resemblance to last year's capital market, which ended one month ago. Stock market increases in tandem with the major capital raising drives in the mutual funds market have painted the screens green, along with markets around the world.
Final figures for the past year's fiscal year show that most of the kosher investment tracks succeeded in posting growth in the amount of money they manage. The Hadas Malchut Investment House ended the year with 111% growth in the 2030 Provident Fund and Mishtalemet Zahav grew by 130%. These are all new funds so the big figures come off of a small base.
Growth can also be seen in other organizations that manage kosher investment tracks. Examples include Migdal's Makefet Pension Fund, Menorah's savings track, Harel, Ayalon, The Phoenix, Excellence, Alumot Sprint and Klal. This points toward a flow of investors to kosher tracks under the supervision of the Eida Chareidis of Yerushalayim.
In general, the kosher savings tracks under the Eida Chareidis performed above the overall average.
