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Aberdeen Israel Fund, Inc. (NYSE AMEX: ISL)
- (EDT)
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Daily Data
At close Jan 26, 2012
| NAV | $15.19 |
| Price | $13.49 |
| Premium/Discount | -11.19% |
NAV and prices are provided by Morningstar. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.
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Aberdeen Israel Fund, Inc. (NYSE AMEX: ISL)
Investment Objective
The Fund seeks long-term capital appreciation by investing primarily in equity securities of Israeli companies.
Fund Manager Interview with Andy Brown
Andy Brown, senior investment manager on Aberdeen’s global emerging markets team, discusses current stock picking opportunities, especially within the tech sector, the hallmark of Israel’s vibrant economy.
Download fund manager interview
Fund Update Webcast
Andy Brown, Investment Manager for Aberdeen Global Emerging Market Equities, discusses Israel’s strong economic fundamentals and growth potential, which is underpinned by a young and growing population. Learn more about the fund’s recent results and portfolio positioning.
Listen to webcastInvestment Policies
It is the policy of the Fund to invest its assets in Israeli equity securities. For these purposes, “Israeli securities” includes common and preferred stock, warrants, options and debt securities organized under the laws of Israel.
The information contained above provides only a brief summary description of the Fund's investment objective and investment policies.
Fund Managers’ Monthly Report
December 2011
- Israel’s benchmark TA-100 Index fell in November on weak sentiment arising from the persistent Eurozone debt crisis.
- Unemployment worsened in the third quarter, its first deterioration in a year.
- The central bank cut benchmark interest rates for the second time in three months. It plans to invest a portion of its foreign reserves in an initial foray into U.S. equity index trackers from the first quarter of 2012.
- The Organisation for Economic Co-operation and Development (OECD) lowered Israel’s current year economic growth forecast by 0.7% to 4.7%, while growth next year is expected to slow by a further 1.8% to 2.9%, as the Eurozone debt crisis is likely to curb demand for the country’s exports, which comprises about 40% of its GDP.
- In politics, Israel finds itself amid dramatic geopolitical change from the revolutions in neighboring Arab nations. Prime Minister Netanyahu urged a balanced approach in budgeting for security and economic needs.
- In November, we added to our existing holding in Ituran, a provider of services to track and recover stolen vehicles.
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