BlueStar Indexes Blog

July 2017 BlueStar Israel Equity Review & Outlook


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ISRAELI EQUITIES OUTPERFORM IN JUNE CAPPING A STRONG FIRST HALF IN 2017

 

Israeli Global Equities, as measured by BIGI® and tracked by the VanEck Vectors Israel ETF (NYSE: ISRA), gained 2.13% in June and 15.24% in the first half of 2017.  BIGI® outpaced US equities in each of the first six months of the year, and has outpaced US equities and Global Developed Market equities in 2017 to-date by 5.9 and 1.4 percentage points, respectively. In June, the top performing Israeli stocks belonged to the Materials sector but domestically-oriented stocks, especially those in the Consumer Staples and Industrials sectors, led the Israeli market higher in 2017 to-date. BIGI® is also outperforming the MSCI Israel and TA-125 Indexes since the start of 2017 by 2.73 and 4.55 percentage points. 

Israeli Global Technology stocks, as measured by the TA-BIGITech® benchmark and tracked by the BlueStar Israel Technology ETF (Nasdaq: ITEQ), is up 19.03% in 2017 putting it two percentage points ahead of its US Technology sector peers. Six of the top-ten performing Israeli stocks in the first half of 2017 belong to the Information Technology sector including names such as Mobileye, Wix.com, SolarEdge, and Nova Measuring Instruments. Also, TA-BIGITech® has outperformed the local TA-Tech Elite Index by more than 8 percentage points since the beginning of 2017.

 

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