Israel Market Review - Q1 2016

The preferred underlying continues to be a basket of shares of international companies, while the market is totally dominated by the shark fin payoff. The Bank of Israel did not change the 0.1% interest rate that it raised over a year ago in an attempt to revive economic growth and to protect exports, as well as intervening several times in the currency market to weaken shekel appreciation. In January, Blackrock announced a new exchange-traded fund, the first physically-replicating ETF to acc