Israeli institutions join global flow to ETFs

Last year saw yet further meteoric growth in index products. Hundreds of billions of dollars flowed into exchange traded funds (ETF) worldwide, with investors in Israel also playing their part in the global shift. The periodic reports of financial institutions (excluding mutual funds and nostro money) on their investments in Israel and abroad indicate that their total investment in ETF worldwide rose over the course of 2017 by over NIS 4 billion, reaching NIS 82.9 billion at the end of the year.