Capital flows in the financial account, February 2013
Non-residents investments in government bonds in Israel, and sales of makam and residents continued investment in foreign shares by institutional investors
Investments in government bonds in Israel, and sales of makam
Bonds and makam: In February, nonresidents invested around $300 million net in unlinked government bonds, and sold around $50 million net in makam. Preliminary figures for March indicate net sales of about $360 million in government bonds and of about $90 million in makam.
Israeli shares: In February, nonresidents invested a net $220 million in shares on the Tel Aviv Stock Exchange (TASE), following net investments of about $340 million in January. Preliminary figures for March indicate net sales of about $60 million in TASE-traded shares by nonresidents.
Nonresidents' direct investment: In February, nonresidents' net direct investment in Israel via domestic banks totaled about $1 billion, of which about $630 million was invested by an American company in an Israeli software services company.
Continued investment in foreign shares by institutional investors
Shares: In February, net investments by Israeli residents in foreign shares traded abroad totaled about $780 million—about $510 million by institutional investors, about $170 million by households, and about $100 million by the business sector. In the past seven months, institutional investors made net investments of about $4.5 billion in foreign shares.
Bonds: In February, residents invested a net $10 million in tradable bonds abroad—investments of about $40 million by the business sector were partially offset by net sales of about $30 million by the institutional investors.
Direct investment abroad: In February, residents invested about $170 million net in direct investment abroad.