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Ten bank mutual funds raised 60% of deposits of entire sector in January

Best performer is Bank Hapoalim's Solid Optimum

The mutual fund industry thrived in January, benefiting from an unusual influx of about NIS 12.2 billion, which hiked the total assets of the funds by 20.3% to NIS 76.1 billion, according to data from Meitav.

However, the data also shows unequal distribution of capital in the industry; it shows ten bank funds, or 1.9% of all the funds available, raised NIS 7.5 billion, or 60% of the total raised by all the funds in January. The top of the list in January is Bank HapoalimContinental's "Solid Optimum", a general bond fund, which raised NIS 1.6 billion.

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