Topic: How To Invest

Good afternoon Pat. I have been following your emails/newsletters over the past couple of months (My wife and I joined your Inner Circle about one and a half months ago). Your personnel are top notch! Your advice is great! Could you please tell me what you think about the Israeli stock market, and is there an ETF available combining a basket of stocks? Thank you.

Article Excerpt

iShares MSCI Israel Capped Investable Market Index Fund, $56.35, symbol EIS on New York (Shares outstanding: 2.4 million; Market cap: $135.2 million), is an exchange-traded fund that aims to track the MSCI Israel Capped Investable Market Index. The weight of any one company is capped at 24% of the index’s market capitalization. iShares MSCI Israel Capped Investable Market Index Fund’s top holdings are Teva Pharmaceutical, 21.3%; Israel Chemicals, 9.6%; Bank Leumi Le-Israel, 8.3%; Bezeq Israeli Telecom, 6.3%; Bank Hapoalim, 5.3%; Nice Systems, 3.1%; The Israel Corp., 2.9%; Partner Communications, 2.9%; Cellcom Israel, 2.3%; and Elbit Systems, 2.3%. The fund’s industry breakdown is as follows: Financials, 27.3%; Health Care, 22%; Materials, 15.2%; Telecommunication Services, 11.8%; Industrials, 8.3%; Information Technology, 6.9%; Energy, 3.4%; Consumer Staples, 3.4%; and Consumer Discretionary, 1.5%. iShares MSCI Israel Capped Investable Market Index Fund was launched on March 26, 2008. The ETF has an expense ratio of 0.66%. The Israeli economy slowed along with other countries’ economies in the recession…