Aberdeen Israel Fund
 (ISL)

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  • Sep. 18, 2015, 10:41 AM
    • The iShares MSCI Saudi Arabia Capped ETF (KSA) is the first ETF with significant exposure to that country - an impossibility until June when Saudi Arabia opened up (limited) direct foreign investment in its stock market.
    • The ETF will track the MSCI Saudi Arabia IMI 25/50 Index which holds about 50 large-, mid-, and small-cap stocks. Interestingly, the index has 30% allocated to both financials and materials, but just 1.4% to energy stocks - it makes sense considering the country's oil production is state-owned and not publicly traded.
    • The next step for Saudi Arabia could be inclusion in the MSCI Emerging Markets Index - a possibility as soon as June 2017, according to the WSJ.
    • Source: Bloomberg
    • MENA ETFs: AFK, EZA, EGPT, EIS, GULF, NGE, GAF, MES, ISRA, ISL, UAE, QAT
    | Sep. 18, 2015, 10:41 AM | 2 Comments
  • Aug. 27, 2013, 11:07 AM
    • ETFs focused on Middle East stocks are down across the board as the situation in Syria escalates. After John Kerry accused the regime of using chemical weapons on Monday, President Obama may begin laying the groundwork for strikes by releasing intelligence evidence to the public as soon as later today.
    • Middle East: MES -2.9%, GULF -2%, GAF -1.6%
    • Israel: EIS -3.3%, ISRA -2.4%, ISL -2.7%
    • Turkey: TUR -5.7%
    | Aug. 27, 2013, 11:07 AM
  • Jun. 25, 2012, 10:41 AM

    The Bank of Israel cuts its benchmark rate 25 basis points to 2.25%, citing inflation "below the center" of the 1-3% target range, and, of course, nodding to slowing worldwide growth and the risks from Europe. The Bank expects Israeli growth to continue at the moderate pace of 3%.

    | Jun. 25, 2012, 10:41 AM
  • Jan. 23, 2012, 10:58 AM

    The Bank of Israel cuts its key interest rate by 0.25 percentage point to 2.5%, citing inflation that's under control, declining house prices, and a slowdown in economic activity and demand. Israeli exporters also faces weakness and uncertainty in the global economy, particularly in Europe. Shekel +0.1% vs. the dollar. (PR)

    | Jan. 23, 2012, 10:58 AM
  • Nov. 28, 2011, 10:41 AM

    As expected, the Bank of Israel slashes its benchmark rate 25 basis points to 2.75%. This follows September's surprise cut. Chief among the bank's concerns is the weakening global economy, with the EU being at the forefront. Israel ETF: ISL -22% YTD.

    | Nov. 28, 2011, 10:41 AM
  • Oct. 25, 2011, 12:10 PM

    Credit Suisse's list of countries' stock valuations, ranked by price-to-book, shows Chinese shares are cheap, clocking in even lower than at the 2008/09 lows. Only Egypt and Israel join China in trading at a cheaper valuation than the depths of the GFC.

    | Oct. 25, 2011, 12:10 PM
  • Sep. 27, 2011, 8:15 AM

    A surprise rate cut from the Bank of Israel - which noted the global economic slowdown - may auger more easing moves from emerging markets. Brazil and Turkey have also recently surprised with cuts, and other recently tight countries like Chile and China may be next.

    | Sep. 27, 2011, 8:15 AM
  • Sep. 9, 2011, 8:15 AM

    S&P raises its long-term rating on Israel to A-plus, and affirms its rating on the nation's currency at AA-minus. The ratings agency cited a prosperous economy and debt reduction as positive factors, offset in part by a "sizable" public debt and tense relations with Palestinians.

    | Sep. 9, 2011, 8:15 AM | 1 Comment
  • Jul. 18, 2011, 9:19 AM
    Egypt and Saudia Arabia move forward with a plan to build a 22-mile bridge spanning the Gulf of Aqaba. The new trade route is expected to boost the $3.5B in trade between the two countries, and could potentially weaken Israel's standing in the Middle East.
    | Jul. 18, 2011, 9:19 AM | 3 Comments
  • Mar. 23, 2011, 11:10 AM
    Israeli Interior Minister Eli Yishai, visiting the scene of a bus bombing in Jerusalem, calls for retaliation. "Recent events require us to take action, if we don't do this we will lose our power of deterrence." Southern Israel was hit earlier today with rocket attacks from Gaza.
    | Mar. 23, 2011, 11:10 AM | 2 Comments
  • Jan. 31, 2011, 5:34 PM
    Markets/ETFs that Egypt pounded last week mostly bounced today. The one exception is Israel, maybe due to monetary tightening issues. A look at last Friday's list: EGPT -7.9%. AFK -0.03%. GAF -0.9%. TUR -3.4%. ISL -1.25%. EIS -1.9%. FFD -0.9%.
    | Jan. 31, 2011, 5:34 PM
  • Jan. 28, 2011, 5:05 PM

    A few ETFs to keep an eye on next week ... not surprisingly, they saw huge volume bumps and large price declines thanks to events in Egypt. EGPT -3.4%. AFK -4.5%. GAF -5.0%. TUR -7.0%. ISL -4.2%. EIS -2.9%. FFD -6.1%.

    | Jan. 28, 2011, 5:05 PM
  • Nov. 30, 2009, 8:54 AM
    Merrill goes bullish on Israel, noting its resilient performance vs. other emerging markets, strong currency, and the fact that many investors remain underweight Israel. ”True to its traditional role of GEM diversifier, Israel has outperformed EM throughout each of seven major global corrections since 1993," firm says. (ETFs: ISL, EIS)
    | Nov. 30, 2009, 8:54 AM
  • Nov. 22, 2009, 3:50 PM
    The Israeli shekel's fair value is 21% above the current rate, Merrill says, noting Israel's current-account surplus is set to triple this year. "Our fundamental model shows the shekel is massively undervalued." (ETF: ISL)
    | Nov. 22, 2009, 3:50 PM
Company Description
Aberdeen Israel Fund, Inc., is a closed-end investment company. Its investment objective is to seek long-term capital appreciation by investing primarily in equity securities of Israeli companies.