Provident funds Continuing education funds || Evaluation of provident fund performance in February

February ended with a bang in the markets, and according to Meitav Dash, the large provident funds and large general education funds will show a nominal (gross) average positive return of 0.5% in February 2021. This expected return also represents the picture in the industry as a whole, with the yield range of all funds expected to range from a return of 0.2% to a return of 0.9%.

According to Meitav Dash, in February the world stock markets and corporate bonds in Israel welcomed investors and acted as a positive factor in the fund’s returns. Global stock markets have shown adequate price increases.

In terms of geographical division, In the US A trend of proper price increases, with the Dow rising by 3.2%, the S&P rising by 2.6% and the Nasdaq rising by 0.9%. in Europe Price increases were recorded: the German DAX rose by 0.9%, the French CAC rose by a sharp 5.6% and the Eurostoxx 50 rose by 4.5%. in Japan The Nikkei was up 2.7%. Global Index of Emerging markets Increased by 0.7%. All these in currency terms of those countries.

In the stock market in Israel There was a mixed trend: the Tel Aviv 35 Index decreased by 1.9% and the Tel Aviv 125 Index decreased by 1.2%. On the other hand, the Tel Aviv 90 Index rose by 1.8% and the Over 60 Index rose by 0.6%. In corporate bonds Local rates have risen. The Tel Bond 20 Index and the Tel Bond 60 Index rose by 0.2% each, the Tel Bond 40 Index rose by 0.1%. The non-rated bonds rose by 1.3%. The General Corporate Bond Index rose by 0.4%. In contrast, the government bond index decreased by 1.4%, while index-linked bonds decreased by 1.3%, while shekel bonds decreased by 1.7%.

Summary of the contribution contribution to the return for February

January-February 2021 Summary

The best assessment of the track yields since the beginning of the year is also positive, in light of positive performance in the global stock markets.

In terms of geographical division, In the US Price increases, with the S&P index up 1.5%, the Dow Jones up 1.1% and the Nasdaq up 2.4%. in Europe A positive trend was recorded: the German DAX index rose by 0.5%, the French CAC rose by 2.7% and the Eurostoxx 50 rose by 2.4%. in Japan The Nikkei rose sharply 5.5%. Global Index of Emerging markets Increased by 3.7%. All these in currency terms of those countries.

Also in the stock market In the country A positive trend was recorded. The Tel Aviv 35 Index rose by 3.0%, the Tel Aviv 125 Index rose by 2.3%, the Tel Aviv 90 Index rose by 1.4%, and the Over 60 Index rose by a very sharp rate of 11.2%. A positive trend was recorded in corporate bonds. : The Tel Bond 20 Index, the Tel Bond 40 Index and the Tel Bond 60 Index rose by 0.7% each. Non-rated corporate bonds (and have no index) rose 3.3%. The entire corporate bond index rose by 1.1%. The government bond index, on the other hand, fell by 1.3%.

Summary of the evaluation of the contribution to the return for the months January-February 2021