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Israel Remains A Developed Market Opportunity

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ISRA, Cisco Systems, Inc. NASDAQ:CSCO - Israel Remains A Developed Market Opportunity

Ex-U.S. developed equity markets are struggling this year, but amid a recent rebound some developed markets, one stands out a compelling tactical opportunity: Israel.

Since its promotion to developed market status from the emerging markets designation in 2009, Israeli stocks have become scant percentages of widely followed developed world benchmarks.

That makes single-country exchange traded funds such as the Market Vectors Israel ETF ISRA preferred avenues for accessing Israeli stocks. ISRA is down 3.7 percent year-to-date, but that's about 200 basis points better than the MSCI EAFE...