As the Journal notes, some Israeli entrepreneurs are now eschewing selling their firms, favoring building larger, multi-national companies. Whether it is mergers and acquisitions activity or building the next Israeli tech giant, ISRA’s tech weight gives it the edge for medium- to long-term success.
And even with the weight to the tech sector, Israeli stocks are not richly valued compared to their U.S. peers. ISRA had a P/E of 16.6 and a price-to-book ratio of 1.87 at the end of November, according to Market Vectors data.
Market Vectors Israel ETF
ETF Trends editorial team contributed to this post.