•Israeli stocks, as defined by the BlueStar Israel Global Index® (BIGI®), declined 0.09% in the fourth quarter of 2022, significantly underperforming developed international equities by 17.31%, as measured by MSCI EAFE.

•Israeli technology stocks, as defined by the BlueStar Israel Global Technology IndexTM (BIGITech®), gained 0.34% in Q4. Over the course of the full year 2022, the BIGITech® outperformed the Dow Jones US Technology Index and the MSCI EM Tech Index by 4.07% and 2.94%, respectively, but slightly underperformed the S&P Global 1200 Information Technology Index by 0.72%.

•Israel's macroeconomic environment ended the year on a strong note, boasting lower inflation, higher growth, and a notable fiscal surplus, outpacing other developed nations.

•Domestically-oriented Israeli stocks outperformed their globally-oriented peers in Q4, ending the year with solid outperformance. This success can be attributed to the stability provided by the local economy and monetary policy, in contrast to globally-oriented stocks that were heavily impacted by price corrections in sectors such as technology due to global growth concerns and foreign monetary policy.

•MarketVector IndexesTM ("MarketVector") announced the results of its Q4 2022 index review of Israeli equity indexes in December. Mobileye was the most notable addition to both the BIGI® and BIGITech® indexes, while significant declines in the market cap of some of Israel’s smallest companies resulted in a greater number of deletions from the index than usual.


Read more in our Quarterly Israel Equity Paper.

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