The average return of Analyst funds is 15.09%, more than 2% higher than the second ranked fund management company.
Analyst Exchange and Trading Services Ltd. is again the top performing provident fund management company for the rolling five-year return. The average return of Analyst provident funds is 15.09% per year, more than 2% higher than the second ranked fund management company. Although Analyst charges some of the highest management fees in the industry averaging 1.52% - the company achieves the highest return in the market for its customers.
Prisma Capital Markets Ltd. is the second highest provident fund management company, at 12.98% per year. Excellence Investments Ltd. (TASE: EXCE) is in third place, with an annual return of 12.51%, and DS Securities & Investments (TASE: DSIN) is in fourth place.
Two fairly new non-bank fund management companies top the rankings for December 2005-November 2006: Yelin Lapidot - Mutual Funds Management Ltd., in cooperation with Leader Holdings and Investments Ltd., with a return of 20.85%; and Perfect Provident Funds Ltd. with a return of 16.4%. Perfect Provident Funds began operating in 2006, and relied on a network of insurance agents to raise money to reach NIS 600 million in assets managed.
Published by Globes [online], Israel business news - www.globes.co.il - on January 16, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007