Fund Management

Israel-Hamas war casts shadow over USD 43bn in assets as stocks slump

The conflict between Israel and Hamas has turned the spotlight on billions of dollars in Israel-linked fund assets, as managers gauge the toll on businesses operating in the war-stricken country. 
Palestinians inspect the rubble of a collapsed building in the heavily bombarded city center of Khan Yunis in the southern Gaza Strip following overnight Israeli shelling, on October 10, 2023. | Photo: Said Khatib/AFP/Ritzau Scanpix
Palestinians inspect the rubble of a collapsed building in the heavily bombarded city center of Khan Yunis in the southern Gaza Strip following overnight Israeli shelling, on October 10, 2023. | Photo: Said Khatib/AFP/Ritzau Scanpix
By Ishika Mookerjee and Filipe Pacheco / Bloomberg

At least USD 43bn is held in Israeli stocks or bonds by passive and actively managed funds tracked by Bloomberg. And that’s taking into account only the funds that have 70% or more of their exposure in Israeli securities. Among the products are US-listed iShares MSCI Israel ETF and ARK Israel Innovative Technology ETF, both of which slumped in Wall Street trading on Monday. 

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