Israeli global equities, as measured by BIGI®, rose to a record high in July propelled by pharmaceutical giant Teva, which also reached an all-time during the month. Israeli equities were the top performer – by a wide margin – among all global developed and emerging market equities in July.
Israeli global equities, as measured by BIGI®, traded sideways for most of June before falling sharply in sympathy with global equities as the Greek crisis reached a crescendo during the last three trading days of the month. Nevertheless, the index outperformed most developed and emerging markets in June.
Israeli global equities, as measured by BIGI® continued their upward move in May, almost reaching another all-time high before falling off slightly during the last week of the month.