Mutual Funds: Migdal The Great Recruiter in February – Financial Consumerism

The volume of assets in the funds managed at the end of February was NIS 192 billion in the traditional and financial funds, after net raising of NIS 1.2 billion. In the passive funds segment, the figure is NIS 146 billion after raising a net NIS 0.96 billion. Since the beginning of the year, the total net fundraising in active funds has been NIS 2.9 billion net, while the passive ones have raised NIS 3.6 billion net. The biggest recruiter this month was Migdal, while the redemptions were led by Harel.

At Migdal, the total net fundraising in February was NIS 846 million, and since the beginning of the year it has raised about NIS 2.08 billion. Immediately after it is the Elon Investment House (Passive Fund), which raised about NIS 630 million net in February, and since the beginning of the year has raised about NIS 1.6 billion. In third place in fundraising is Moore with about NIS 308 million net and a figure of about NIS 909 million net since the beginning of the year.

Regarding fund redemptions, the company from which the highest net amount was redeemed is Harel, with redemptions of NIS 364 million net in February, and of NIS 125 million net since the beginning of the year. In second place is Sigma, from which NIS 114 million net was redeemed in February, and NIS 233 million net since the beginning of the year. After that, Psagot redeemed about NIS 195 million net in February, and about NIS 98 million net since the beginning of the year.