Half of the top manufacturers predict that the Tel Aviv Stock Exchange (TASE) will rise again within one to two years, and 30% predict that more than two years will pass, according to a survey of 80 executives by the Manufacturers Association of Israel. 10% of the respondents predict that the TASE will rebound within a year and another 10% predict a rebound within six months. 17% of the respondents advise investing in the TASE now.
33% of the respondents are reducing stock holdings in their companies' investment portfolios, another third are making no changes, and 6% are increasing the stock holdings. 17% of respondents are reducing the bond holdings in their companies' investment portfolios, 43% are making no changes, and 3% are increasing the bond holdings.
When asked where to invest NIS 100,000 today, 33% of the respondents advise investing in short-term deposits, 23% recommend government bonds, 13% short-term loans, 7% recommend holding onto the cash, and 3% each advise investing in the business or in money market funds.
Published by Globes [online], Israel business news - www.globes-online.com - on November 25, 2008
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