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ETF Spotlight: Market Vectors Israel


ETF Spotlight on the Market Vectors Israel ETF (ISRA) , part of an ongoing series.

Assets : $25.3 million

Objective : The Market Vectors Israel fund tries to reflect the performance of the BlueStar Israel Global Index, which is comprised of the largest and most liquid publicly traded Israeli and Israeli-linked companies, along with some mid- and small-cap Israeli stocks.

Holdings : Top holdings include Teva Pharmaceuticals (TEVA) 11.8%, Perrigo Co. (PRGO) 8.6%, Check Point Software Technologies (CHKP) 7.4%, Amdocs (DOX) 5.0% and Bank Hapoalim (BKHYY) 4.2%.

What You Should Know :

  • Van Eck Global’s Market Vectors sponsors the fund.
  • ISRA has a 0.59% expense ratio.
  • The fund has 89 components, and the top ten holdings make up 52.9% of the overall portfolio.
  • Sector allocations include information technology 31.6%, health care 26.1%, financials 19.8%, materials 5.9%, telecommunication services 4.2%, energy 4.0%, industrials 3.3%, consumer staples 2.3%, consumer discretionary 2.3% and utilities 0.6%.
  • Market capitalization include large-caps 22.4%, mid-caps 43.5%, small-caps 28.1% and micro-caps 6.1%.
  • ISRA’s inception date was June 25, 2013. [Investors Get Another ETF for Israel]
  • The ETF is up 3.3% over the past month and up 4.8% in the last three months.
  • ISRA has gained 10.4% since its inception, outperforming the rival iShares MSCI Israel Capped ETF (EIS) , which is up 8.3% since June 26.

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