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Article: Mutual funds continue to attract investment: Prisma, however, sees NIS 1 billion in withdrawals.
- Article from:
- Globes
- Article date:
- July 26, 2007
CopyrightCOPYRIGHT 2007 Globes. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Irit Avissar
Jul. 26--Despite market volatility, Israel's mutual funds are continuing to flourish and raise capital. At least NIS 1.5 billion is expected to be invested in mutual funds this month. Market sources believe that most investment is going to mutual funds specializing in bonds. Mutual funds that specialize in foreign assets are again attracting investment after a long period of withdrawals.
Not all mutual funds are attracting investment. The most prominent of the funds unable to raise more capital are those managed by Prisma Capital Markets Ltd., which are continuing to see withdrawals. Preliminary figures obtained by "Globes" indicate ...