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December: BlueStar Israel Equity Update

January 6, 2017

Israeli Global Equities, as measured by BIGI®, were unchanged in December.  Israeli Global Technology Equities, as measured by the TA-BIGITech® benchmark were up just 0.22%. December was a disappointing month for Israeli equities compared to their international Developed Market peers. One potential cause for this relative weakness was the dismal performance of some of Israel’s largest companies: Teva and Perrigo were down more than 3% in December while Mobileye was down nearly 10%.

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