MSCI upgraded Israel from emerging market to developed market status back in May 2010.

Investors can still track Israeli stocks through country-specific ETFs like the iShares MSCI Israel Capped ETF (NYSEArca: EIS), which tries to reflect the performance of the MSCI Israel Capped Investable Market Index.

The trading-day changes would likely still have little effect on Israel-related ETFs as normal operating hours on the TASE do not correspond with normal hours that the U.S.-listed ETFs trade. [The Underlying Value of an ETF’s Portfolio]

For more information on ETF indices, visit our indexing category.

Max Chen contributed to this article.