Tuesday’s ETF To Watch: iShares Israel ETF (EIS)
Many of the world’s developed markets have struggled to return to solid levels of growth and have been weighed down by large budget deficits and high levels of unemployment. Due to this, many stock markets remain well below their 2008 lows, even when factoring in the large run-up in share prices over the past two months. Yet a few countries have managed to return to their pre-crash levels relatively quickly including the dynamic Israeli economy which has seen its fortunes boosted in recent months thanks to the discovery of a large gas field off of its coast in the Mediterranean. In fact, the Israeli Finance Minister recently said that the find could be worth “hundreds of billions of dollars” and some are projecting that the fields could help to double the surplus in the nation’s current accounts balance. Besides this massive find in gas reserves, the Israeli economy has been humming [...] Click here to read the original article on ETFdb.com. Related Stories: Israel ETF (EIS): An Unlikely Winner In Health Care Reform Israel ETF (EIS) Surges Ahead Three ETFs to Watch This Week: EIS, TIP, GDX
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