The Israeli regulator has ordered large corporations to divest financial activities. Mutual funds are ordered to hold only supersafe AA+ papers and are forbidden to own the 5 largest corporation papers. The government is dead afraid that the value of the public's savings should go down and they lose the elections. The outcome: mutual and retirement funds are forced to sell everything they have on the TASE and have to diversify into more "safe" assets like T bills. The bourse is sinking like the Titanic.