2024-01-31 05:09:11 ET
Summary
- iShares MSCI Israel ETF has rallied over 34% from its October low and is close to exceeding its 2023 high.
- EIS's exposure suggests that the majority of its holdings, particularly technology companies, are unlikely to be directly affected by the Middle East conflict.
- Israel's economy has rebounded after a two-month contraction.
The iShares MSCI Israel ETF ( EIS ) caught my eye with a +2.64% rally on Monday, breaking above the July 2023 high. It has now rallied over +34% from its October low and is within +2.4% from exceeding the 2023 high....
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EIS: A Strong Recovery Play