Squabbling among water officials imperils Jordan River rehabilitation haaretz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from haaretz.com Daily Mail and Mail on Sunday newspapers.
Migdal continues to lead mutual funds growth
In the year to the end of March, Israel s mutual funds took in NIS 30 billion; Migdal Capital Markets market share grew by 34%.
Money continued to pour into Israel s mutual funds in the first quarter of 2021. In fact, in the twelve months to the end of March, the market has grown by some NIS 30 billion from the low that followed the outbreak of the coronavirus pandemic. The figure is from the reports by the mutual fund management companies.
In March 2020, redemptions from the mutual funds totaled some NIS 40 billion. The lowest point was recorded on March 22, 2020, when the value of the market totaled NIS 255.3 billion. Since then, the mutual funds market has grown by NIS 96 billion, or 38%, to an aggregate value of NIS 351.3 billion. This is thanks to inflows of over NIS 30 billion and to positive returns on the capital market. The market is just 2.2% below the peak recorded on January 23, 2020, when its aggregate value was NIS 359.3