Capital Int'l enters Israeli market

The fund will specialize in investments in the US share markets on behalf of its Israeli clientele.

Capital International, an investment group with over $300 billion under its management, said Monday it would establish a mutual fund in Israel, marking its first entry into the country. Capital signed an agreement with Tel Aviv-based Pekan Plus Mutual Funds to establish a new fund called Pekan Plus Capital US, which will fall under Capital's management. The fund will specialize in investments in the US share markets on behalf of its Israeli clientele.