Provident Funds

Meitav Investment House projects negative October returns for Israeli provident and study funds, with general tracks dropping 0.4% and equities losing 1.1% amid late-month market volatility.

Yellin Lapidot recorded a monthly record of client departures with 2.2 billion shekels in negative transfers in August, matching Altshuler Shaham amid weak yields.

Following a major ownership shakeup, Altshuler Shaham executives held an emergency webinar to reassure insurance agents. WeSure and CEO Yair Levinstein acquired controlling stakes in the finance arm, while founders retain private operations.