| NONRESIDENTS |
| There was an increase in net portfolio investment by nonresidents on the Tel Aviv Stock Exchange (TASE), and in their direct investments. |
| Investment in Israeli shares: In November 2009 nonresidents invested a net $560 million in Israeli shares traded on the TASE, following net investments of $170 million in October. Most of the investment was in shares of companies in the communications, chemical and pharmaceutical industries. Concurrently, nonresidents invested a net $140 million in Israeli shares traded abroad, after selling a net $80 million of Israeli shares traded abroad in October. |
| Bonds: in November nonresidents invested a net $430 million in Israeli government bonds on the TASE, following investments of $400 million in October. Most of the investment was in Shahar-type unindexed bonds, while there were net sales of $170 million of makam. Nonresidents sold a net $110 million of Israeli corporate bonds traded abroad. |
| Nonresidents' net direct investment in Israel increased in November compared with the average level in recent months, and totaled about $580 million, most of which was in the financial and high-tech industries. |
| RESIDENTS |
| There was continued investment in securities traded abroad, primarily by institutional investors. |
| Shares: In November Israelis’ net investment in foreign shares traded abroad amounted to $590 million. As was the case in previous months, most of this ($330 million) was invested by institutional investors, with the balance consisting of investments by households and the business sector. Since the beginning of 2009 investment in foreign shares abroad by institutional investors, particularly provident funds and insurance companies, has increased considerably, reaching a total of $5.2 billion, compared with $2 billion in the whole of 2008 and $1 billion in 2007. |
| Bonds: Israelis invested a net $280 million in foreign bonds in November 2009, about half of which ($140 million) was by institutional investors. |
| Residents' direct investments abroad totaled a net $85 million in November, mostly carried out by investment and holding companies. This resulted mainly from one large investment (of $210 million) by a holding company, which was partially offset by the realization of other investments. |
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