Jewish groups shifting resources to new Israeli market index fund
The Israel Project 15-Nov-13
Major Jewish organizations are investing heavily in a recently launched index fund that tracks companies with a significant Israeli presence, prompting speculation that literally billions of dollars may - according to Steven Schoenfeld, the founder and CEO of the BlueStar Israel Global Index fund - "be brought into productive investment in Israel." BlueStar launched over the summer with the intention of leveraging the Israeli investment environment, which Schoenfeld described at the time as the "best of both worlds: the superior economic management of a developed market, but with emerging market growth characteristics." Four Jewish federations or affiliated foundations have now committed to the fund, together pledging $15 million. Total endowments held by Jewish federations, affiliated organizations, and Jewish family foundations however total roughly $65 billion, and Schoenfeld described ongoing discussions with "twice that many federations." Meanwhile the Jerusalem Post today published extensive analysis describing how underwater energy reserves off Israel's coast are positioning the Jewish state to "become a player in the big energy league" and significantly alter "the Middle East political
The Israel Project 15-Nov-13
Major Jewish organizations are investing heavily in a recently launched index fund that tracks companies with a significant Israeli presence, prompting speculation that literally billions of dollars may - according to Steven Schoenfeld, the founder and CEO of the BlueStar Israel Global Index fund - "be brought into productive investment in Israel." BlueStar launched over the summer with the intention of leveraging the Israeli investment environment, which Schoenfeld described at the time as the "best of both worlds: the superior economic management of a developed market, but with emerging market growth characteristics." Four Jewish federations or affiliated foundations have now committed to the fund, together pledging $15 million. Total endowments held by Jewish federations, affiliated organizations, and Jewish family foundations however total roughly $65 billion, and Schoenfeld described ongoing discussions with "twice that many federations." Meanwhile the Jerusalem Post today published extensive analysis describing how underwater energy reserves off Israel's coast are positioning the Jewish state to "become a player in the big energy league" and significantly alter "the Middle East political
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