Monday, May 21, 2007

Moreshet's Fund Follows Jewish Religious Law to Outperform Israeli Market

(Bloomberg) -- Yaacov Moreshet's Shoam Gmisha fund,
one of Israel's best performers last year, follows the dictates
of Jewish law. Those rules are flexible enough to let him profit
from potential gains in every stock in Israel.

Moreshet, 43, runs Hilat Shoam Ltd., the biggest Israeli
investment company offering mutual funds that strictly follow
Halakha: Jewish laws covering everything from diet to lending. He
can't directly buy shares of companies open on the Sabbath, for
instance.


Read more at Bloomberg Stocks News

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