BlueStar Indexes Blog

May 2017 BlueStar Israel Equity Review & Outlook


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ISRAELI EQUITIES GAIN AGAIN AS COMPANIES & ECONOMY DELIVER

Israeli Global Equities, as measured by BIGI®, gained 1.84% in April and 10.49% in 2017 to-date.  BIGI® outpaced US equities for the fourth month in a row, and has outpaced US equities and Global Developed Market equities in 2017 to-date by 3.33 and 0.50 percentage points, respectively. In April, the top performing Israeli stocks belonged to the consumer-related and industrials sectors.  Notably, BIGI® is also outperforming the MSCI Israel and TA-125 Indexes since the start of 2017 by 4.2 and 6 percentage points. 

Israeli Global Technology Equities, as measured by the TA-BIGITech® benchmark underperformed other major global technology indexes after several months of outperformance. TA-BIGITech® is up nearly 16.5% in 2017 putting it one percentage point ahead of its US Technology sector peers. Israeli technology stocks were led higher by Wix.com and Stratasys, a leader in the 3D printing industry which investors are beginning to pay closer attention to after two years of poor performance. Also, TA-BIGITech® has outperformed the local TA-Tech Elite Index by more than 6 percentage points since the beginning of 2017. Click here for BlueStar’s monthly Technical Analysis update where we share our outlook for both BIGI® and TA-BIGITech®.

Segmenting the Israeli market, the Solactive-BlueStar Israel Domestic Exposure Index outpaced the Solactive-BlueStar Global Exposure Index yet again, by 0.48%

 

 

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VIEW THE FULL REVIEW & OUTLOOK