$15.07
0.05 (+0.33%)
FIRST ISRAEL FD, Inc. (ISL)
CAPS Rating:
Non-diversified, closed-end management investment company that seeks long-term capital appreciation by investing primarily in Israeli securities.
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Even though I expect this ETF to outperform the S&P, I must point out that it's currently selling at a 25% premium to its NAV! Buyers at this level are one geopolitical shock away from an evaporation of this premium. I would buy GAF instead. It's heavily weighted towards South Africa (gold!) but its second largest concentration is Israel without the ridiculous premium.