<p><img src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1569025690938-a00729c9e1f9/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhpZD1leUpoY0hCZmFXUWlPakV5TURkOSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1569025690938-a00729c9e1f9/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhpZD1leUpoY0hCZmFXUWlPakV5TURkOSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA"/></p>
<p><em>图片来源：Unsplash</em></p>
<p>在长期的市场周期中，以色列的中型股通常表现出强劲的增长，主要受益于其对国内经济趋势的更高敏感性。尽管如此，中型公司在许多投资组合中仍然代表性不足。标准普尔以色列 70 中型股指数填补了这一空白，系统性地衡量中型股板块，并通过透明的规则基础框架提供对已建立的以色列中型公司的多样化视角。</p>
<h3><strong>以规则为基础的方法来分析以色列的中型股板块</strong></h3>
<p>标准普尔以色列 70 中型股指数源自更广泛的标准普尔以色列 100 指数，该指数包括在以色列上市和注册的 100 只最大和最具流动性的股票。成分股的选择基于浮动调整市值（FMC）和流动性的综合排名，确保了投资的可行性和规模的相关性。</p>
<p>该指数的目标是排名在前 30 只大盘股之下的 70 只中型公司，提供对以色列动态中型股板块的聚焦视角。它是基于 FMC 加权的，并对个别股票和行业设定上限，以帮助管理集中风险。</p>
<p>该指数每季度重新平衡，采用透明的规则基础方法，提供了一种有纪律的方法来跟踪以色列股市中的中型股表现。</p>
<p><em>(点击图片放大)</em></p>
<p><img src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-1-Index-Methodology-Summary.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-1-Index-Methodology-Summary.png"/></p>
<h3><strong>指数解析</strong></h3>
<p>标准普尔以色列 70 中型股指数的一个关键特征是其多样化的行业构成，反映了以色列中型经济的结构和多样性，并提供了超越信息技术的更广泛视角，相较于大盘股板块。截至 2025 年 12 月 31 日，房地产占比最大，为 24.18%，受持续的住房需求和人口增长驱动（见图表 2）。工业占比 20.25%，突显了该行业在制造和基础设施方面的实力。信息技术占 11.23%，而能源（10.68%）、非必需消费品（7.08%）和必需消费品（4.86%）在国内消费和工业能源需求中也占有重要份额。金融（6.97%）、通信服务（4.20%）和材料（2.88%）的较小配置展示了全面的行业覆盖。这种多样化的结构为以色列的中型公司提供了广泛的视角，同时保持了平衡的行业特征。</p>
<p><em>(点击图片放大)</em></p>
<p><img src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-2-GICS-Sector-Composition.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-2-GICS-Sector-Composition.png"/></p>
<h3><strong>相对估值优势</strong></h3>
<p>标准普尔以色列 70 中型股指数的估值指标相较于大盘股板块表现出相对较好的水平，突显了中型股在以色列的潜在吸引力。截至 2025 年 12 月 31 日，该指数的市盈率为 10.5，低于标准普尔以色列 30 大盘股指数的 13.5，并且指示的股息收益率为 2.5%，高于标准普尔以色列 30 大盘股指数的 1.7%（见图表 3）。这种适度的估值与强劲的收入潜力的结合，突显了以色列中型股板块在更广泛市场中的独特投资特征。</p>
<p><em>(点击图片放大)</em></p>
<p><img src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-3-Valuation-Multiples.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-3-Valuation-Multiples.png"/></p>
<h3><strong>表现回顾</strong></h3>
<p>在 2025 年，标准普尔以色列 70 中型股指数在回测期间表现出最强劲的表现，总回报率在以色列新谢克尔（ILS）计价下接近 49.32%，未扣税。卓越的结果突显了以色列中型股板块的韧性和增长潜力。</p>
<p><em>(点击图片放大)</em></p>
<p><img src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-4-Calendar-Year-Historical-Performance.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-4-Calendar-Year-Historical-Performance.png"/></p>
<p>除了年度数据外，标准普尔以色列 70 中型股指数还显示出强劲的长期表现。在过去十年中，五年滚动表现的年化平均为 13.97%，最近五年期达到 17.87%。这些结果突显了以色列中型股板块在有纪律的规则基础框架内的一致性和增长潜力。</p>
<p><em>(点击图片放大)</em></p>
<p><img src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-5-One-Month-Rolling-Five-Year-Annualized-Performance.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-5-One-Month-Rolling-Five-Year-Annualized-Performance.png"/></p>
<h3><strong>结论</strong></h3>
<p>标准普尔以色列 70 中型股指数的行业构成与以色列大盘股板块不同，旨在提供对房地产、工业、信息技术和中型经济其他关键领域的多样化视角。该指数在回测期间持续表现强劲，同时保持适度的估值，通常高于大盘股。其透明的规则基础方法寻求在有纪律的框架内平衡代表以色列的中型公司。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>年度风格指数再平衡内部：方法论、过程和结果</p>
<p>2026 年是选股者的年吗？</p>
<p>您的标准普尔精选行业指数 2025 年总结</p>

ISRL

<p>S&P 以色列 70 中型股指数突显了以色列中型股的增长潜力，这些股票在投资组合中常常被忽视。该指数源自 S&P 以色列 100 指数，专注于排名前 30 大市值公司之下的 70 家中型公司，提供了房地产和工业等行业的多元化视角。截至 2025 年 12 月 31 日，该指数的估值指标优于大市值公司，年总回报率为 49.32%。其严谨的规则基础方法确保了平衡的代表性和强劲的长期表现</p>

<p><img src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1569025690938-a00729c9e1f9/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhpZD1leUpoY0hCZmFXUWlPakV5TURkOSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA" alt="" original-src="https://images.unsplash.com/photo-1569025690938-a00729c9e1f9?ixlib=rb-1.2.1&amp;ixid=eyJhcHBfaWQiOjEyMDd9&amp;auto=format&amp;fit=crop&amp;w=1000&amp;q=80"/></p>
<p><em>Image Source: Unsplash</em></p>
<div class="lb-trans"><p><em>图片来源：Unsplash</em></p>
</div><p>Over extended market cycles, Israel’s mid-cap equities have often delivered strong growth, driven by their greater sensitivity to domestic economic trends. Despite this, mid-cap companies remain underrepresented in many portfolios. The S&amp;P Israel 70 MidCap Index addresses this gap, systematically measuring the mid-cap segment and offering a diversified look at established Israeli mid-cap companies through a transparent, rules-based framework.</p>
<div class="lb-trans"><p>在长期的市场周期中，以色列的中型股通常表现出强劲的增长，主要受益于其对国内经济趋势的更高敏感性。尽管如此，中型公司在许多投资组合中仍然代表性不足。标准普尔以色列 70 中型股指数填补了这一空白，系统性地衡量中型股板块，并通过透明的规则基础框架提供对已建立的以色列中型公司的多样化视角。</p>
</div><h3><strong>A Rules-Based Approach to Israel’s Mid-Cap Segment</strong></h3>
<div class="lb-trans"><h3><strong>以规则为基础的方法来分析以色列的中型股板块</strong></h3>
</div><p>The S&amp;P Israel 70 MidCap Index is derived from the broader S&amp;P Israel 100 Index, which includes the 100 largest and most liquid stocks listed and domiciled in Israel. Constituents are selected based on a combined ranking of float-adjusted market capitalization (FMC) and liquidity, ensuring both investability and size relevance.</p>
<div class="lb-trans"><p>标准普尔以色列 70 中型股指数源自更广泛的标准普尔以色列 100 指数，该指数包括在以色列上市和注册的 100 只最大和最具流动性的股票。成分股的选择基于浮动调整市值（FMC）和流动性的综合排名，确保了投资的可行性和规模的相关性。</p>
</div><p>The index targets the 70 mid-cap companies ranked just below the top 30 large-cap companies, providing a focused view of Israel’s dynamic mid-cap segment. It is FMC weighted, with caps on individual stocks and sectors to help manage concentration risk.</p>
<div class="lb-trans"><p>该指数的目标是排名在前 30 只大盘股之下的 70 只中型公司，提供对以色列动态中型股板块的聚焦视角。它是基于 FMC 加权的，并对个别股票和行业设定上限，以帮助管理集中风险。</p>
</div><p>Rebalanced quarterly using a transparent, rules-based methodology, the index provides a disciplined approach to tracking mid-cap performance within Israel’s equity market.</p>
<div class="lb-trans"><p>该指数每季度重新平衡，采用透明的规则基础方法，提供了一种有纪律的方法来跟踪以色列股市中的中型股表现。</p>
</div><p><em>(Click on image to enlarge)</em></p>
<div class="lb-trans"><p><em>(点击图片放大)</em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-1-Index-Methodology-Summary.png" alt="" original-src="https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-1-Index-Methodology-Summary.png"/></p>
<h3><strong>Breaking Down the Index</strong></h3>
<div class="lb-trans"><h3><strong>指数解析</strong></h3>
</div><p>A key feature of the S&amp;P Israel 70 MidCap Index is its diversified sector composition, reflecting the structure and diversity of Israel’s mid-cap economy and offering a broader view beyond Information Technology, compared to the large-cap segment. As of Dec. 31, 2025, Real Estate represented the largest share at 24.18%, driven by sustained housing demand and population growth (see Exhibit 2). Industrials represented 20.25%, highlighting the sector’s strength in manufacturing and infrastructure. Information Technology accounted for 11.23%, while Energy (10.68%), Consumer Discretionary (7.08%) and Consumer Staples (4.86%) showed meaningful weight in domestic consumption and industrial energy demand. Smaller allocations to Financials (6.97%), Communication Services (4.20%) and Materials (2.88%) demonstrated comprehensive sector coverage. This diversified structure gives a wide view of Israel’s mid-cap companies while maintaining a balanced sector profile.</p>
<div class="lb-trans"><p>标准普尔以色列 70 中型股指数的一个关键特征是其多样化的行业构成，反映了以色列中型经济的结构和多样性，并提供了超越信息技术的更广泛视角，相较于大盘股板块。截至 2025 年 12 月 31 日，房地产占比最大，为 24.18%，受持续的住房需求和人口增长驱动（见图表 2）。工业占比 20.25%，突显了该行业在制造和基础设施方面的实力。信息技术占 11.23%，而能源（10.68%）、非必需消费品（7.08%）和必需消费品（4.86%）在国内消费和工业能源需求中也占有重要份额。金融（6.97%）、通信服务（4.20%）和材料（2.88%）的较小配置展示了全面的行业覆盖。这种多样化的结构为以色列的中型公司提供了广泛的视角，同时保持了平衡的行业特征。</p>
</div><p><em>(Click on image to enlarge)</em></p>
<div class="lb-trans"><p><em>(点击图片放大)</em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-2-GICS-Sector-Composition.png" alt="" original-src="https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-2-GICS-Sector-Composition.png"/></p>
<h3><strong>Relative Valuation Advantage</strong></h3>
<div class="lb-trans"><h3><strong>相对估值优势</strong></h3>
</div><p>The S&amp;P Israel 70 MidCap Index has displayed relatively better valuation metrics compared with the large-cap segment, underscoring the possible appeal of mid caps in Israel. As of Dec. 31, 2025, the index had a price-to-cash-flow ratio of 10.5, lower than the S&amp;P Israel 30 LargeCap Index’s 13.5, and a higher indicated dividend yield of 2.5% versus 1.7% for the S&amp;P Israel 30 LargeCap Index (see Exhibit 3). This combination of moderate valuations and strong income potential highlights the distinctive investment profile of Israel’s mid-cap segment within the broader market.</p>
<div class="lb-trans"><p>标准普尔以色列 70 中型股指数的估值指标相较于大盘股板块表现出相对较好的水平，突显了中型股在以色列的潜在吸引力。截至 2025 年 12 月 31 日，该指数的市盈率为 10.5，低于标准普尔以色列 30 大盘股指数的 13.5，并且指示的股息收益率为 2.5%，高于标准普尔以色列 30 大盘股指数的 1.7%（见图表 3）。这种适度的估值与强劲的收入潜力的结合，突显了以色列中型股板块在更广泛市场中的独特投资特征。</p>
</div><p><em>(Click on image to enlarge)</em></p>
<div class="lb-trans"><p><em>(点击图片放大)</em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-3-Valuation-Multiples.png" alt="" original-src="https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-3-Valuation-Multiples.png"/></p>
<h3><strong>Performance Review</strong></h3>
<div class="lb-trans"><h3><strong>表现回顾</strong></h3>
</div><p>In 2025, the S&amp;P Israel 70 MidCap Index delivered its strongest performance for the back-tested period, with a total return of nearly 49.32% in ILS terms, gross of tax. The exceptional results underscore the resilience and growth potential of Israel’s mid-cap segment.</p>
<div class="lb-trans"><p>在 2025 年，标准普尔以色列 70 中型股指数在回测期间表现出最强劲的表现，总回报率在以色列新谢克尔（ILS）计价下接近 49.32%，未扣税。卓越的结果突显了以色列中型股板块的韧性和增长潜力。</p>
</div><p><em>(Click on image to enlarge)</em></p>
<div class="lb-trans"><p><em>(点击图片放大)</em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-4-Calendar-Year-Historical-Performance.png" alt="" original-src="https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-4-Calendar-Year-Historical-Performance.png"/></p>
<p>Beyond the calendar-year numbers, the S&amp;P Israel 70 MidCap Index has shown robust long-term performance. Over the past decade, the five-year rolling performance has averaged an annualized 13.97%, with the most recent five-year period reaching 17.87%. These results highlight the consistency and growth potential of Israel’s mid-cap segment within a disciplined, rules-based framework.</p>
<div class="lb-trans"><p>除了年度数据外，标准普尔以色列 70 中型股指数还显示出强劲的长期表现。在过去十年中，五年滚动表现的年化平均为 13.97%，最近五年期达到 17.87%。这些结果突显了以色列中型股板块在有纪律的规则基础框架内的一致性和增长潜力。</p>
</div><p><em>(Click on image to enlarge)</em></p>
<div class="lb-trans"><p><em>(点击图片放大)</em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-5-One-Month-Rolling-Five-Year-Annualized-Performance.png" alt="" original-src="https://www.indexologyblog.com/wp-content/uploads/2026/01/Exhibit-5-One-Month-Rolling-Five-Year-Annualized-Performance.png"/></p>
<h3><strong>Conclusion</strong></h3>
<div class="lb-trans"><h3><strong>结论</strong></h3>
</div><p>Featuring a sector composition distinct from Israel’s large-cap segment, the S&amp;P Israel 70 MidCap Index aims to provide a diversified view across Real Estate, Industrials, Information Technology and other key areas of the mid-cap economy. The index has consistently delivered strong performance over the back-tested period, while maintaining moderate valuations, often higher than large caps. Its transparent, rules-based methodology seeks a balanced representation of Israel’s mid-cap companies within a disciplined framework.</p>
<div class="lb-trans"><p>标准普尔以色列 70 中型股指数的行业构成与以色列大盘股板块不同，旨在提供对房地产、工业、信息技术和中型经济其他关键领域的多样化视角。该指数在回测期间持续表现强劲，同时保持适度的估值，通常高于大盘股。其透明的规则基础方法寻求在有纪律的框架内平衡代表以色列的中型公司。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>Inside The Annual Style Indices Rebalance: Methodology, Process And Outcomes</p>
<div class="lb-trans"><p>年度风格指数再平衡内部：方法论、过程和结果</p>
</div><p>2026 Is The Year Of The Stock Picker?</p>
<div class="lb-trans"><p>2026 年是选股者的年吗？</p>
</div><p>Your S&amp;P Select Industry Indices 2025 Wrapped</p>
<div class="lb-trans"><p>您的标准普尔精选行业指数 2025 年总结</p>
</div>

解析以色列中型股市场