From Globes and it needs no commentary:
Many Tel Aviv Stock Exchange (TASE) traders and investors are undoubtedly asking themselves why the Tel Aviv 25 Index is divorced from its international peers. Representatives of key foreign investors told ''Globes'' that the main reason for the disengagement is apparently activity by two hedge funds, among the largest of mid-sized funds, one US and the other European, which have decided to divert funds to Israel and increase their positions on the TASE. One of the reasons for this is the relative strength of the Israeli economy during the global crisis, and its relatively quick exit from recession compared with other Western economies.
Each of the two hedge funds are investing $100 million a day in TASE-listed securities. The figure is about one-third of the daily active investment in Tel Aviv 25 shares, and the two funds will probably continue this activity in the upcoming trading days. The effect is clear: support for the Tel Aviv 25 Index in the short and medium term.
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