2024 was the best year for savings in Israel since 2021 and the second best year over the past decade. Investors in pension, provident and advanced training funds enjoyed particularly strong returns, despite the war and its negative impact on the Israeli economy. Savings invested in stocks enjoyed even higher returns both in Israel and the US, where the S&P 500 rose 24.9% in 2024 despite the falls on Wall Street in December. Pension funds also had a positive year, with savings in higher risk tracks for younger people up to the age of 50 enjoying an annual return of 15.2%, while tracks for those aged 50 to 60 saw 13.3% returns, and tracks for those over 60 had 10.3% returns.
image sourced from original article at https://en.globes.co.il/en/article-tase-provided-strong-returns-in-2024-1001498428
Original article source: https://en.globes.co.il/en/article-tase-provided-strong-returns-in-2024-1001498428
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