# Aberdeen Israel Fund, Inc. (NYSE MKT: ISL)
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Daily Data

At close Sep 18, 2014

Market Price$17.58
Unadjusted NAV**$20.04

The NAV information is provided by the Fund's accounting agent. The price is as reported by the exchange on which the Fund trades. 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 MKT: ISL)

Investment Objective

The Fund seeks long-term capital appreciation by investing primarily in equity securities of Israeli companies.

For more detailed information on the specific risks associated with this fund, please view the Important Risk Considerations tab.

Investment 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.

Webcast Update

Aberdeen Israel Fund, Inc. (ISL) Webcast Update

Listen to Aberdeen's Susan McDonald give a Q4 2013 update on the Aberdeen Israel Fund, Inc. and a 2014 outlook for the region.

Watch now


Aberdeen Israel Fund, Inc.

Members of Aberdeen's Global Emerging Markets Equity team speak about Israeli equities and why they believe the country has such good investment prospects. They speak about the specific sectors where they are finding opportunities, the potential economic effects of recent oil and natural gas discoveries in the region and why they believe Aberdeen's investment process is conducive to finding investment opportunities within Israel.

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Fund Managers’ Monthly Report

July 2014

  • Israeli equities, as measured by the TA-100 Index, fell slightly in July as conflict through the Levant* and beyond continued to impact investor sentiment. For now, we think that the recent ceasefire agreements in Gaza are unlikely to usher in a more permanent truce as talks between both sides remain deadlocked.
  • The central bank unexpectedly cut its benchmark interest rate in an attempt to support the economy amid the ongoing conflict.
  • In Fund-related news, Check Point Software delivered robust second-quarter results on the back of a pickup in European sales. The company reaffirmed its revenue forecasts. Teva Pharmaceutical met expectations. Cost controls started to yield results, with a decline in operational expenditures, as well as research and development spending supporting earnings growth. Nice Systems’ revenues beat expectations but earnings per share fell short.
  • In other news, Bank Leumi will sell its private banking units in Switzerland and Luxembourg to Julius Baer for 10 million Swiss francs (roughly US$11 million) in cash. The daughter of Azrieli Group’s founder will take over as chairman following David Azrieli’s death at 92. Bank Hapoalim suffered another blow with the departure of its corporate division head—marking the fourth senior level exit in the last twelve months.
  • In July, we pared the position in Israel Corp. given our low conviction in its non-core assets and belief that there are better opportunities elsewhere. The company’s chemicals and fertilizer business, Israel Chemicals, will team up with Dutch company Akzo Nobel to produce and sell white potash and salt in Spain.

* The Levant includes the countries bordering on the eastern Mediterranean Sea from Turkey to Egypt.

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Section 16 Filings


Pursuant to valuation policies adopted by the Board of Directors of the Fund, the Fund values foreign equity securities that primarily trade in certain markets that close ahead of the Fund’s daily 4:00 pm Eastern net asset value (“NAV”) calculation time at their fair values using prices provided by third-party independent pricing services. The fair value of each such security generally is calculated by applying a valuation factor provided by the independent pricing service to the last sales price for that security, or, if, the pricing service is unable to provide a fair value for a security, at the price at the close of the exchange on which it is principally traded, subject to adjustment by the Fund’s Pricing Committee. These daily fair valuations seek to reflect information available after the local market close that may affect the value of the foreign equity securities held by the Fund. As a result, this official NAV calculation reflects adjustments that may cause it to vary from a calculation based solely on closing prices. In contrast, the “Unadjusted NAV” of the Fund (shown above) is for informational purposes only and is computed using the closing prices on the relevant exchange. It does not reflect any daily fair valuation adjustments of the Fund’s foreign securities. The Unadjusted NAV does not represent the official NAV of the Fund, nor is the Unadjusted NAV used for Fund accounting or performance purposes. Investors should not rely upon the Unadjusted NAV when making their investment decisions.

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