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Yellin Lapidot and Harel at the top of the table of stock tracks in the past year - Walla! Of money

2022-04-03T09:07:14.302Z


An examination of the returns of the provident funds and equity study funds in the past year put Yellin Lapidot at the top, who won first place in the provident funds and came second in the ranking of study funds.


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Yellin Lapidot and Harel top the stock market chart for the past year

An examination of the returns of the provident funds and equity study funds in the past year has placed Yellin Lapidot at the top, who won first place in the provident funds and came second in the ranking of study funds, while Harel is ranked first in study and second in provident funds.

Walla!

Of money

03/04/2022

Sunday, 03 April 2022, 11:43 Updated: 11:58

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The year 2022 does not meanwhile restore the highs of 2021, when it comes to capital markets.

In the first two months of the year, study funds lost on average more than 2% in the general tracks and more than 4% on average in the equity tracks.



If in January, the downward trend in the markets was due to the outbreak of inflation in the world, fears of rising interest rates and realizations in technology stocks, which rose excessively in previous months - in February the war in Ukraine was added to all of this.



Interestingly, the domestic stock market performed better in February than foreign markets, with a mixed trend in the leading indices, compared to a downward trend in the world.

This, for several reasons: The domestic stock market is less exposed to technology stocks, which suffered sharp declines in the first two months of the year, following the gains in the previous year.

Another reason that moderated the declines is the estimate that Israel is expected to enter the European MSCI index (an estimate that turned out to be incorrect, but the expectation had a positive effect on the domestic market in February).



Both of these parameters helped the study funds and provident funds record an average negative return of "only" 0.7% in February.

Another factor that moderated the negative returns in February was the sale of Tower to Intel, which generated significant profits for some of the entities, led by Phoenix, Migdal and Clal.

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The year opened with declines, but those who are not in a hurry to leave the market - usually get to see the markets recover, as happens from the second half of March (Photo: ShutterStock)

Long-term advantage to equity tracks

But investing in the capital market is a long-distance run, with ups and downs along the way.

Those who are able to "tolerate" the declines and are not in a hurry to leave the market - usually get to see the markets recover, as is already happening in the second half of March.



Even when considering the returns of study funds and provident funds, it is advisable to focus on medium and long term, rather than a month or two months.

Beyond the fact that statistically, investing in the capital market is a medium- and long-term game - in these investment instruments also lies a significant tax benefit, for those who persevere and do not withdraw the money ahead of time.

Ranking of the five leading equity provident funds (Photo: Maariv, None)

This month we chose to focus on what the equity tracks of provident funds and study funds have done in the past year.

If from the beginning of the year, the funds and funds in the equity tracks yielded lower returns than the general tracks - looking back a year the situation is the opposite.

Thus, in 2021, equity tracks averaged 23%, compared to 14% in general tracks.



Two investment houses have been leading the stock tracks in the past year - Yellin Lapidot and Harel.

In the provident funds, Yellin Lapidot won the summit with a return of 18.96% in the last 12 months, by a significant margin from Harel, which came in second place, with a return of 17.09%.



They are followed in third place, by a small margin from second place, the Phoenix with 16.74%, an analyst slightly behind him in fourth place and in fifth place Moore, with 15.4%.

In the study funds, Harel Willin Lapidot exchanges places - Harel Rishon with 17.57% Vilin Lapidot with a relatively small gap from Harel, with 17.34% in the last 12 months.

By a significant gap after them, in third, fourth and fifth places again screwed the Phoenix, Analyst and Moore.

Omer Degani, VP of Marketing and Sales at Bilin Lapidot (Photo: Maariv, Oded Karni)

"We focused more on the local market"

Omar Degani, VP of Marketing and Sales at Bilin Lapidot, analyzes the factors that led the training funds' equity funds and equity provident funds to reach the top: "We conduct in-depth stock research, with a broad team, and it gives results over time.



In the last year we have focused more on the local market, with good individual choices in the various sectors.

Also in terms of geographical dispersion, we invested less in speculative markets that fell more, such as the Chinese market, and invested a lower component of the industry in 'dream companies', which were priced too high. " .



"In February, and currently the trend continues in March - we are witnessing a rise in yields in the bond market, due to the rise in inflation and the markets' assessment that interest rates will rise at a higher rate than previously expected."

Ranking of the top five study funds (Photo: Maariv, None)

"Inflation will continue to be high"

Regarding what is expected later this year, Degani estimates that "inflation will continue to be relatively high in recent years, and this will affect the decisions of central banks and capital markets. This is in addition to geopolitical developments that may significantly affect markets in the near future



. Local positions are relatively well positioned, both in relation to inflationary risks and in relation to some of the geopolitical effects, so we have increased Israel's weight in portfolios, relative to abroad.

In addition, we still prefer exposure to investing in stocks with a proven business model rather than in dream companies, which are carried on the wings of the imagination.

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Source: walla

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