A strong economy and rising markets have resulted in higher asset levels for Israelis.
The Israeli public's assets are growing in line with the economy's rapid growth. The Bank of Israel reported today that Israeli's financial assets have reached an all-time high of almost NIS 2 trillion.
The breakdown in assets is as follows: investment in savings plans, provident funds, life insurance, advanced training funds and other linked CPI-linked instruments totaled NIS 580 billion; unlinked shekel instruments totaled NIS 552 billion; and foreign currency linked instruments totaled NIS 300 billion; TASE-listed securities reached a NIS 450 billion, and Israeli investment in overseas securities totaled NIS 164 billion.
The breakdown of the total portfolio is as follows: CPI-linked - 29.3%; unlinked - 28.3%; Israeli stocks - 23.1%; foreign currency linked - 15.2%; and foreign stocks - 3.6%.
Published by Globes [online], Israel business news - www.globes.co.il - on May 30, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007