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The Other Silicon Valley

Posted: October 22, 2017

Author: Jonathan Hoenig

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In a sea of Islamist savages, only Israel stands as a Western, freedom-loving, capitalist democracy,” I explained on Fox News Channel in 2015. “Israel is the center of technology and innovation, exactly why one should consider Israeli stocks part of his portfolio.”

Since then and more broadly over the last decade, growth of the Israeli economy has been nothing short of, well, a miracle. Fueled by Western capitalism, companies from Verint Systems (VRNT) to Wix Ltd (WIX) to Check Point Software (CHKP) have made the technology scene in Israel rival those in Silicon Valley and New York.

Whereas once there was only a handful of Israeli funds and investments to choose from, there’s now a wide variety, including the BlueStar TA-BIGITech Israel Tech ETF (ITEQ), an under-the-radar ETF that’s trouncing U.S peers. Year-to-date the Fund is up nearly 30%.

Israel Technology Stocks Building on Gains
BlueStar TA-BIGITech Israel (ITEQ) vs. S&P 500

BlueStar TA-BIGITech Israel (ITEQ) vs. S&P 500

Unlike other Israel-focused ETFs, ITEQ represents a broad benchmark of industries, from energy to biotechnology to agriculture. Nearly 4% of the Fund is allocated to Aerospace and Defense, for example.

And because many innovative Israeli companies are listed on exchanges beyond Tel Aviv, the Fund also includes shares traded in New York and Singapore. The result is a pure-play for Israeli technology in the “Start-Up Nation.”

On Tuesday, October 24rd I’ll be pleased to join the team from BlueStar Indexes, including Steven Schoenfeld, to ring the opening bell on the New York Stock Exchange, commemorating ITEQ’s move to the NYSE.

Watch the bell-ringing live Tuesday Morning at 9:30AMET and follow me on Twitter on Tuesday for real-time updates.


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