March 2021 was positive in provident funds and pension funds

March 2021 was positive in provident funds and pension funds and continues the trend. The average return for March in provident funds and large general supplementary funds is expected to be 1.8%, and on a quarterly basis it is a positive return of 3.7%.
The expected return also represents the picture in the industry as a whole, with the yield range of all funds expected to range from a return of 1.3% to a return of 2.2%.
The equity track peaked at a slightly better return this month and the average return is expected to be about 1.9%, while the good funds are expected to peak at about 3%.
 According to Avi Berkowitz, Deputy Chief Investment Officer at Meitav Dash Investment House, in March the stock markets in Israel and around the world (USA and Europe), and corporate and government bonds in Israel acted as a positive factor in the fund's yields.
Global stock markets (US and Europe) showed adequate price increases in March
In the US: A trend of adequate price increases in most indices, with the Dow rising by 6.6%, the S&P rising by 4.2% and the Nasdaq rising by only 0.4%. In the background - a financial transition investors from technological growth stocks to value stocks.
In Europe, sharp price increases were recorded: the German DAX rose by 8.1%, the French CAC rose by 6.6% and the Eurostoxx 50 rose by 7.8%. The global index of emerging markets fell by 1.7%.
The stock market in Israel recorded a positive trend: the Tel Aviv 35 Index rose by 3.9%, the Tel Aviv 90 Index rose by 4.6%, the Tel Aviv 125 Index rose by 3.7% and the Over 60 Index rose by 1.6%.
Local bond bonds rose. The Tel Bond 20 rose 1.1%, the Tel Bond 40 rose 0.9% and the Tel Bond 60 rose 1.0%. Non-rated bonds rose 2.0%. General corporate NIS rose by 1.0%.
The government bonds index rose by 0.5%, while index-linked bonds rose by 1.1%, while shekel bonds rose by only 0.2%. This is against the background of the surprising rise in the consumer price index in February.
Since the beginning of the year - the indices in Israel have performed better than in the United States
The stock market in Israel also showed a positive trend: the Tel Aviv 35 Index rose by 7.0%, the Tel Aviv 125 Index and the Tel Aviv 90 Index rose by 6.1% each, and the Over 60 Index rose by a very sharp 13.0%.
A positive trend was recorded in corporate bonds: the Tel Bond 20 index rose by 1.8%, the Tel Bond 40 index and the Tel Bond 60 index rose by 1.7% each. Non-rated corporate bonds (which have no index) rose by 5.6%. The entire corporate bond index rose 2.1%.
The government bond index, on the other hand, fell by 0.8%. Under the influence of falling US government bond prices.