During the third quarter of 2015, the value of the public’s financial assets portfolio declined by about NIS 28 billion (-0.9 percent compared with the balance at the end of the second quarter), to about NIS 3.26 trillion at the end of September. From the beginning of the year, the value of the portfolio has increased by NIS 86 billion (2.7 percent), deriving from an increase in the value of nontradable assets.
The decline in the portfolio value during the third quarter derived mainly from the decline in the value of shares in Israel (about NIS 48 billion, 8.9 percent) and abroad (about NIS 11 billion, 4 percent), which were partially offset by an increase in the balance of cash and deposits (NIS 30 billion, 2.8 percent).
The value of the asset portfolio managed by institutional investors declined by about 0.5 percent (NIS 6.5 billion) in the third quarter, to about NIS 1.31 trillion at the end of September. There were declines in the value of shares in Israel (NIS 6.6 billion, 6.2 percent) and abroad (NIS 5.1 billion, 2.8 percent), which were partially offset by an increase in the balance of cash and deposits (NIS 3.2 billion, 3.8 percent).
The trend of net withdrawals from money market funds continued in the third quarter of 2015 (withdrawals of NIS 9.6 billion, 3.9 percent).
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