This ETF's Best Move Was Avoiding Israel's Worst-Performing Stock
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The appeal of some exchange-traded funds lies not in what they hold, but in what they don’t.
Case in point: the BlueStar TA-BIGITech Israel Technology ETF, which is up 25 percent this year, leaving other U.S.-listed funds that track the country in its dust. The tech fund has been boosted by its positions in Mobileye NV, which soared 32 percent before Intel Corp. announced it was acquiring it in March, and Check Point Software Technologies Ltd., which has climbed 21.4 percent this year.