Israel Stocks Trail World Index After Boost to Developed Market
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Investors speculating Israel stocks would benefit after MSCI Inc. raised the country to developed status two months ago are still waiting for the rally.
The TA-25 Index is up 1.7 percent since Israel left the MSCI Emerging Market Index on May 27. That compares with gains of 4.3 percent in the MSCI World Index and 9.6 percent in the developing-countries gauge, data compiled by Bloomberg show.