Israel Generates Exceptional Economic Productivity Benefiting This Israeli ETF
“Reflecting the stability and maturity of its economy and financial markets, Israel was recently upgraded to developed-market status,” says fund expert Mark Salzinger. In The Investor’s ETF Report, he looks at iShares MSCI Israel Capped Investable Market ETF (NYSE: EIS), noting, “For a nation of just more than seven million people, Israel generates exceptional economic productivity.”
“GDP per capita was recently $28,200, good for 49th in the world, very close to established developed markets like New Zealand and Italy. Israel has an educated and young population (median age is just 29), and its government continues to ease its control over the economy. Real GDP growth averaged 5% annually in the five years from 2003 and 2007, and was a strong 4% in turbulent 2008,” Steven Halpern Reports From Blogging Stocks.
“Slower global growth will see real GDP hold steady in 2009, but, according to the Bank of Israel (the nation’s central bank), economic growth should rebound to 2.5% in 2010, far ahead of estimates earlier this year of just 1.5% to 2.0%,” Halpern Reports.
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“iShares MSCI Israel Capped Investable Market (EIS) invests in about 75 of Israel’s largest companies. It is ‘capped’ to limit the size of individual positions in the portfolio, and focused only on the ‘investable market’ for stocks-those with sufficient liquidity and no onerous limitations on foreign ownership,” Halpern Reports.
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