Sections

JTA
EST 1917

Israel’s investment classification upgraded

Israel’s classification for investment will be changed from emerging to developed, which will boost Israeli stocks.

Advertisement
Getting your Trinity Audio player ready...

JERUSALEM (JTA) — Israel’s classification for investment will be changed from emerging to developed, which will boost Israeli stocks.

Morgan Stanley Capital International, which provides institutional investors with a popular global stock, bond and fund benchmark indexes, announced the upgrade Tuesday. The change will take effect next May.

The change could bring $2.8 billion into the stock market in Israel, as funds that are only allowed to invest in developed markets turn to Israeli stocks, according to Merrill Lynch, Forbes reported.

Recommended from JTA

Advertisement