Analyst IMS Investment Management Services Ltd. (TASE:ANLT) is the clear winner in the "Globes" advanced trading funds rankings for 2009. Analyst's Hishtalmut Clali Fund, which has NIS 1.89 billion in assets, was the top ranked large advanced trading fund (a fund with more than NIS 1 billion in assets under management), with a return of 55.38% for the year. The company's Hishtalmut Clali B Fund, with NIS 434 million in assets under management, was the top ranked small advanced trading fund (a fund with between NIS 300 million and NIS 1 billion in assets under management), with a return of 91.34% for the year.
The Minahelim Advanced Training Fund, owned by Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS) was the second ranked large fund, with a return of 37.32% in 2009. The Kinneret Fund, owned by Psagot Investment House Ltd., was in third place with a return of 37.02%. Psagot acquired Kinneret from Prisma Investment House, and its three-year return for 2007-09 was just 5.78%, the bottom ranking of the funds tracked by "Globes".
Two funds owned by DS Apex Holdings Ltd. (TASE:DSAP) took fourth and fifth place among the large advanced training funds: Hishtalmut B Fund with a return of 35.6% in 2009, and the Hishtalmut Fund, with a return of 34.1%.
Among the small advanced training funds, Migdal Capital Market's Platinum Big Afikim Fund was in second place, with a return of 46.39% in 2009. Meitav Investment House's Hishtalmut Fund was in third place, with a return of 45.18%, and Yelin Lapidot's Hishtalmut Fund was in fourth place, with a return of 42.78%, and Clal Insurance's Kehila Fund was in fifth place, with a return of 38.92%.
DS Apex CEO Kobi Levinson said, "The industry is not cut from a single cloth, and the public should understand the differences between the companies when it comes to saving money. Savers acted in ways that are understandable, but in retrospect caused more harm than good, such as rash and hasty actions like chasing after a fund that has a momentary high return, or the switch to money market funds as we saw in late 2008. Savers should take into account that there will be periods when funds will lose money. They should therefore choose a product with a proven track record of several years, both in boom times and during busts, and adjust the product to the risk profile."
Published by Globes [online], Israel business news - www.globes-online.com - on January 20, 2010
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