Israeli regulator raises funds' allocation

The Israel Securities Authority (ISA) is proposing to allow funds to hold up to 25% in structured products, from 5% currently, provided exposure to a single product is capped at 2.5%. In a draft released this week, the regulator mapped out plans to encourage institutional and sophisticated investors to trade structured products, with a view to creating enough liquidity to make a market that will see products listed on the Tel Aviv Stock Exchange's continuous trading segment for institutional in