Israeli savings institutions shift more investments abroad

ISRAEL - In Brief 13 Mar 2023 by Jonathan Katz
In January, Israeli savings institutions were net FX purchasers of 4.5bn USD, buying assets abroad totally 3.8bn and reducing their FX hedge by 0.7bn. Their FX exposure increased to 18% of all assets under management from 16.5%. This is a significant jump to a level not witnessed in the past two years at least. It is fair to assume that the recent turmoil over the proposed judicial measures influenced the preference for holding more assets abroad and less in Israel while increasing their FX exposure as well.

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