October Ended with Declines in Most Study Funds and Pension Funds

In depth

October ended with declines in most study funds and pension funds. In the study funds' general track, the average return was minus 0.23%, and in the equity tracks minus 1.14%. Meitav was the only one of the ten largest funds in the general track to end the month with a positive return, 0.4%, while Altshuler Shaham was at the bottom with a decline of 0.56%.

In the pension funds, the average return fell across all bodies: minus 1.17% in the track up to age 50, minus 0.93% for ages 50 to 60, and minus 0.45% for those 60 and older. Meitav led all three tracks, and Meitav has held first place since the start of the year.

The declines came against the backdrop of doubts about AI companies, the war with Iran and political uncertainty. Despite the weak month, the funds have yielded an average return of 6.55% since the start of the year, with Clal leading the table. In the general track, year-to-date returns ranged between 8.3% at Clal and 5.2% at Yelin Lapidot.