nun bet

New to the Invest in Israel series? Read about how it all began. I have two stock simulations running. One game (Invest in Israel) is tracking an $1000 investment divided about equally among eight stocks. In the other game, I have invested almost $1000 in the First Israel Fund (First Israel Fund Game) which is a “non-diversified, closed-end management investment company that seeks long-term capital appreciation by investing primarily in Israeli securities.”

Here’s how the cards fell this week:

Invest in Israel Game: Most of the stocks in this simulation are on the plus side this week. Overall, this group is up 1.03%. Big winners this week were Fundtech Ltd which is up 6.62% followed by our consistent winner Aladdin Knowledge Systems. Aladdin is still up 6.50% since the start of the game. The big losers for the week include Radware which is down 8.19% and Teva Pharmaceutical which is down 6.65%.

First Israel Fund Game: This fund doubled this week and is up 4.17% since “purchase”!

Let’s take a closer look at our big winner for the week, Fundtech. Fundtech Ltd. provides software solutions which enables businesses and their banks to process payments electronically, transfer funds and manage cash positions. Their client/server web enabled software products automate the process of transferring funds among corporations, banks and clearance systems and enable businesses to manage global cash positions efficiently and in real-time. Fundtech’s products and related services are designed to integrate all elements of the electronic payments cycle, including electronic funds transfer, cash management and treasury management. It’s based in Ramat Gan. It also has some big name clients including Bank of America and Wachovia (both based in North Carolina - go Heels!).