Lately, the ISA started publishing updated information regarding changes in the value of mutual funds’ assets according to their classification, on a daily basis. During the last few months the ISA had published total value of mutual funds’ assets and has now added classification of these funds – bond’ funds, share’ funds, flexible funds, etc. The examination performed by the ISA shows that public distribution of the aforesaid information is almost certainly exclusive and is not available in other countries.
The information, supplied by the TASE and updated on a daily basis, is published as part of the ISA’s policy of increasing transparency regarding activities of all the players on the Israeli capital market – mutual funds included. Data, pertaining to the value of mutual funds, might be used by researchers and other bodies on the capital market. Due to the characterization of mutual funds as an investment instrument, and by reason of being a major mediator between the public and investments on the capital market, they provide real time information regarding changes in investment preferences of the general public. For example, since the beginning of the year there was an evident slump in the value of the funds’ assets, with the exclusion of Money Funds and Funds specializing in the State bonds whose value had increased significantly.
The table published on the ISA website shows the value of funds’ assets and the changes that occurred in three points in time: end of the last calendar year, end of the previous month, and the last trading day for which data was received at the ISA, etc.
Henceforth is a table, updated for May 19, 2008, containing the data regarding mutual funds’ assets:
| Classification of Funds (super-heading) | Change in assets on 19.05.08 | Rate from fund’s assets | Change in assets on 30.01.08 | Change from the beginning of month | Change in assets on 31.12.07 | Change from the beginning of year |
| Flexibility | 1,938 | 1,6 | 1,929 | 10 | 2,853 | -914 |
| Shares in Israel | 6,998 | 5,9 | 6,795 | 203 | 9,779 | -2,781 |
| Shares abroad | 5,249 | 4.4 | 5,157 | 92 | 8,492 | -3,242 |
| Leveraged and Strategic | 835 | 0.7 | 839 | -4 | 1,123 | -288 |
| Money Fund | 17,527 | 14.8 | 17,243 | 283 | 3,318 | 14,208 |
| Bonds’ in Israel – NIS | 27,193 | 22.9 | 27,653 | -461 | 29,434 | -2,242 |
| Bonds’ in Israel – State bonds | 22,370 | 18.9 | 21,567 | 803 | 17,209 | 5,161 |
| Bonds’ in Israel – other | 32,156 | 27.1 | 31,579 | 577 | 42,375 | -10,220 |
| Bonds’ abroad | 3,718 | 3.1 | 3,796 | -78 | 4,866 | 1,148 |
| Mixed | 134 | 0.1 | 134 | 0 | 220 | -86 |
| For foreign residents only | 252 | 0.2 | 253 | -1 | 317 | -65 |
| Israeli Fund of Funds | 13 | 0.0 | 13 | 0 | 16 | -3 |
| Foreign Fund of Funds | 134 | 0.1 | 135 | -1 | 140 | -7 |
| Total | 118,517 | 100.0 | 117,094 | 1,422 | 120,143 | -1,626 |
