Israel’s economy is incredibly well diversified. In trade, in industry, it’s export markets. It’s the best performing economy I the OECD. It has great growth potential trading in the emerging markets and its companies are world leaders. Israel’s economy is predicted to grow well over 3% in 2015, far more than that of most developed nations, and its stock market is far outperforming the S&P 500 so far this year. Still, Israel remain one of the least understood investment opportunities, according to Steven Schoenfeld, chief investment officer for BlueStar Indexes. ‘You have world class companies but because of where Israel is located, whether it’s the geography and the neighborhood, or whether it’s the benchmarks, most investors do not have enough exposure to Israeli companies,’ said Schoenfeld. ‘You have world leaders in pharmaceuticals, technology, industrials and even in smart consumer products like SodaStream or CeasarStone in your kitchen.’ The Market Vectors Israel ETF (ISRA), which tracks Schoenfeld’s BlueStar Israel Global Index, is up 11% year-to-date compared to a rise of less than 2% for the S&P 500.
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