Education Funds and Provident Funds in October: Negative Returns in Most Tracks

In depth

According to Bizportal and Israel Hayom, education funds and provident funds recorded an average negative return of 0.4% in October. The S&P 500 tracks stood out positively with a return of 2.6%.

According to Bizportal, after the declines on Friday the drop in the general track deepened to about 1.4% and in the equity track to about 3.1%, by estimate. According to TheMarker, the general tracks yielded a negative return of 0.4% and the equity tracks a negative 1.1%.

According to Calcalist, Tel Aviv Insurance lost 9.7% in October and was the largest monthly decline among the indices. According to Ice, the banking index fell 3.87%, and all six bank stocks traded in Tel Aviv closed in the red.