February in provident funds – a return of 0.5% – the capital market

Provident funds in the general track rose by 0.5% in February, following a 1% increase in January – from the beginning of the year, provident funds rose by 1.5%. The stock track rose more – close to 1.5% and the solid track rose 0.2%. This emerges from a test of the best lapel.

The positive returns are attributed to the price increases in the past month in the world stock markets and bonds. However, the end of the month was particularly volatile when in the last week the Nasdaq lost about 6% and the bonds fell significantly.

Global stock markets showed good price increases – in the US: a trend of good price increases when the Dow rose by 3.2%, the S&P rose by 2.6% and the Nasdaq rose 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 rose 2.7%. The global index of emerging markets rose by 0.7%.

There was a mixed trend in the stock market in Israel: 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%.

The local corporate bond rose. The Tel Bond 20 index and the Tel Bond 60 index rose by 0.2% each, and the Tel Bond 40 index rose by 0.1%. Unrated bonds rose 1.3%. The general corporate bond index rose by 0.4%.

In contrast, the government bonds index fell by 1.4%, while index-linked bonds fell by 1.3%, while shekel bonds fell by 1.7%.