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Graphs & Data
- During 2013 the value of the public's financial assets portfolio increased by about NIS 235 billion, an increase of about 6.7 percent in real terms, and reached NIS 2.96 trillion at the end of the year. The growth during the year derived mainly from an increase in the value of the shares portfolio in Israel (about NIS 93 billion, 22.8 percent) and abroad (NIS 47.4 billion, 25.9 percent)—a combination of share price increases and a net outflow of investments.
- In the fourth quarter of 2013, the value of the public’s financial assets portfolio increased by about 4 percent (NIS 115 billion). The value of the assets portfolio increased during the quarter mainly due to an increase in the value of the shares portfolio in Israel (about NIS 49 billion, 10.9 percent) and abroad (NIS 18.6 billion, 8.8 percent).
- As a result of the above developments, the share of tradable assets in the portfolio increased by 2.4 percentage points during the year, in parallel with a similar increase in the share of risk assets in Israel and abroad.
- There was a net increase of about NIS 52.5 billion (30.9 percent) in the section of the portfolio managed through mutual funds during 2013. In the fourth quarter of the year, there was a net increase of about NIS 10 billion (4.6 percent), mainly in funds that specialize in corporate bonds and CPI-indexed bonds.
1. The total assets portfolio
During 2013, the value of the public’s financial assets portfolio increased by about NIS 235 billion, an increase of about 6.7 percent in real terms, and reached NIS 2.96 trillion at the end of the year. During the fourth quarter of the year, the value of the public’s financial assets portfolio increased by 4 percent.
The increase in the fourth quarter was due primarily to an increase in the value of the securities portfolio on the Tel Aviv Stock Exchange—an increase of about NIS 56 billion (12.5 percent)—due primarily to an increase in share prices. In parallel, there was an increase of about NIS 22.3 billion (6.4 percent) in the value of the tradable assets portfolio abroad—a combination of an increase in investments and price increases.
Shares in Israel During 2013 the balance of shares held by the public increased by about NIS 93 billion, to about NIS 500 billion at the end of December, an increase of 22.8 percent over the year. This increase was due mainly to the effect of price changes of Tel Aviv Stock Exchange-traded shares, in addition to a net inflow of about NIS 0.9 billion in investments by the public in Israeli-traded shares: Net investments by mutual funds and investments directly by the public were mostly offset by net sales by institutional investors. In the fourth quarter, the balance of shares held by the public increased by about NIS 49 billion (10.9 percent) over the previous quarter. The increase in this component was mainly due to the effects of price increases on the Tel Aviv Stock Exchange. Corporate bonds During 2013, the value of negotiable corporate bonds in the portfolio increased by about NIS 9.5 billion (3.7 percent), and reached about NIS 266 billion at the end of December. Price increases in the corporate bond market totaling about NIS 14.5 billion were partially offset by net payouts of about NIS 5 billion. Most of the issuances were in the real estate and construction industry. In the fourth quarter of 2013 the value of negotiable corporate bonds in the portfolio increased by about NIS 5.7 billion (2.2 percent). Price increases in the corporate bond market totaling about NIS 7 billion were partially offset by net payouts of about NIS 1.4 billion. The assets portfolio abroad In 2013, the value of the share portfolio abroad increased by about NIS 47.4 billion (25.9 percent), and reached about NIS 371.4 billion at the end of December. The increase in the balance of shares abroad is due mainly to price increases in stock indices abroad, and net investments in the shares of institutional investors abroad (about NIS 3.5 billion). These were partially offset by the appreciation of the shekel against the dollar (7 percent), which lowered the shekel value of the portfolio. In the fourth quarter of 2013, the value of the portfolio abroad held by Israeli residents increased by about NIS 22.3 billion (6.4 percent). Most of the increase was in shares traded abroad, which increased by about NIS 18.6 (8.8 percent)—a combination of net investment flow abroad (about NIS 6.7 billion), which was divided among the various sectors, and of share price increases. In parallel, there was an increase in the balance of deposits in banks abroad (3.9 percent), and in the value of the tradable bond portfolio abroad (2.4 percent). 
During 2013, there was an increase of about 2.4 percentage points in the share of tradable assets in Israel and abroad, and in the share of risk assets. 
2. The securities portfolio, by main components 
