Quiet, shy, little Israel caught Smart Money’s attention
Posted on June 4, 2007 • By Rebecca Markowitz
Category: Business, Technology |
Smart Money says:
… we try to look beyond the widely owned names beloved by the herd. To that end, I’ve become increasingly invested in a number of Israeli stocks, which have demonstrated a quiet outperformance that investors world-wide should envy. Over the past two years, the benchmark TA-100 of Israel’s 100 largest stocks is up more than 60%. The currency, the shekel, is near a seven-year high against the U.S. dollar. Not bad for a tiny country in the Middle East that’s smaller than the state of New Jersey and surrounded by hostile enemies that are constantly calling for its destruction.
To some extent, the country’s economic growth should come as no surprise. Israel’s economy is highly entrepreneurial and its work force is extremely educated. Israel has the largest number of start-ups in the world outside the U.S. It produces more scientific papers per capita than any other nation and has one of the highest per capita rates of patents filed world-wide. It ranks third in research and development spending in the world — quite impressive for a country of just seven million people that’s only been around since 1948. continue…
Jonathon Hoenig, “Israel Is an Emerging Market Ignored by the Herd”, Smart Money, June 4, 2007
If you liked this post, be sure to subscribe to our RSS feed.
Leave a Comment
If you would like to make a comment, please fill out the form below.
About israelplug
Upcoming Events
You may have missed
Tidbits
Search
Subscribe to israelplug
Categories
Sponsors