Investor Exit Israel ETFs Following Attacks, But Remain Confident In Large-Caps
Portfolio Pulse from Natan Ponieman
The ongoing conflict between Israel and Hamas has led to a pullback in Israeli ETFs and stocks. Major ETFs like iShares Msci Israel ETF (EIS), Ark Israel Innovative Technology ETF (IZRL), BlueStar Israel Technology ETF (ITEQ), and VanEck Israel ETF (ISRA) have seen significant drops since the conflict began. Large-cap Israeli companies listed in the US, such as Check Point Software Technologies (CHKP), Nice Ltd. (NICE), Teva Pharmaceutical Industries (TEVA), Icl Group (ICL), and Elbit Systems (ESLT) have also been impacted, with varying degrees of stock price changes.
October 19, 2023 | 9:57 pm
News sentiment analysis
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NEGATIVE IMPACT
iShares Msci Israel ETF (EIS) is down 13.1% since the conflict began and saw outflows of almost $5 million last week.
The ongoing conflict has led to a decrease in the ETF's value and outflows, indicating investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Elbit Systems (ESLT) has lost 8.9% since the conflict began.
The conflict has negatively impacted the company's stock value, indicating investor concern.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Icl Group (ICL) is down 7.28% since the conflict began.
The ongoing conflict has led to a decrease in the company's stock value, indicating investor concern.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
VanEck Israel ETF (ISRA) is down 11.43% since the conflict began.
The conflict has negatively impacted the ETF's value, indicating investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
BlueStar Israel Technology ETF (ITEQ) is down 6.9% since the conflict began.
The ongoing conflict has led to a decrease in the ETF's value, indicating investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ark Israel Innovative Technology ETF (IZRL) is down 10.6% since the conflict began.
The conflict has negatively impacted the ETF's value, indicating investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nice Ltd. (NICE) is down 6.2% since the conflict began.
The ongoing conflict has led to a decrease in the company's stock value, indicating investor concern.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Teva Pharmaceutical Industries (TEVA) is down 12.4% since the conflict began.
The conflict has negatively impacted the company's stock value, indicating investor concern.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Check Point Software Technologies (CHKP) has remained relatively stable since the conflict began, with a slight increase of 1.6% in the last five trading days.
Despite the ongoing conflict, the company's stock has remained relatively stable, indicating investor confidence.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100