Israel’s New SWF Struggles to Meet AUM Target, But Reports Strong Yield

5th April, 2023
Seven months after it was launched, the Israel Citizens' Fund (ICF) accumulated just US$617 million by end-2022, according to the Ministry of Finance.Under the current government’s coalition agreements, the fund could be used for immediate use for infrastructure, thereby eroding its inter-generational savings mandate and undermining its potential for growth....
Seven months after it was launched, the Israel Citizens' Fund (ICF) accumulated just US$617 million by end-2022, according to the Ministry of Finance.Under the current government’s coalition agreements, the fund could be used for immediate use for infrastructure, thereby eroding its inter-generational savings mandate and undermining its potential for growth....

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