“Globes” and Maalot - The Israel Rating Company Ltd. have published the first rating of Israeli mutual fund management companies that takes risk into account. Psagot Ofek Investment House Ltd. tops the rankings.
Psagot Ofek general manager Gabriella Ravid told “Globes” that she would continue managing the company. “I’m here, and I’m staying. I’m very happy in my job.”
Psagot Ofek, Israel’s largest mutual funds management company, with NIS 19 billion in assets, received the highest score. It was ranked first in dollar bonds, foreign bonds, and foreign stocks, was ranked second in Israeli bonds and shekel-based mutual funds, and ranked third in Israeli stocks.
Other highly ranked mutual funds management companies were Poalim IBI Underwriting and Investments Ltd. (TASE:PIU), Afikim Mutual Funds Management (1989) Ltd., Meitav Investment and Securities Advisers Ltd., and Analyst Exchange and Trading Services Ltd. Among smaller firms, Altshuler Shaham Mutual Funds Management Ltd. and Mercantile Discount Bank received high rankings. Ilanot Discount Ltd., Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL), Epsilon Investment House Ltd., and Excellence Investments Ltd. (TASE:EXCE) ranked lowest.
Published by Globes [online], Israel business news - www.globes.co.il - on December 29, 2005