Ayalon’s New Provident Funds Reportedly Drew NIS 1.4–1.5 Billion in September

Ayalon’s new provident-fund business reportedly attracted approximately NIS 1.4–1.5 billion in September, bringing assets under management to about NIS 2.6 billion. The figures disclosed Wednesday concern the business’s second month of operation, with inflows exceeding those recorded in August. Preliminary estimates put September returns at approximately −0.1% in its general advanced-training-fund track and +0.25% in its equity track. The general track is expected to be around the industry average, while the equity track is expected to finish toward the lower end of the return table.