FYI: In addition, because of the chaos of the Middle East—historically—but especially since 2011 and the Arab Spring, Israel has been surrounded by turmoil. Whether it's changes of government in Egypt, the rise of ISIS or the collapse of Syria in civil war, Israel has constant threats on its border, whether it's Hezbollah or Hamas. When you think of political risk, Israel seems like a risky place.
However, the fact is that Israeli companies are world-class. Hundreds of Israeli companies are doing business all over the world, having very profitable and robust franchises, and innovative products. When you look at Israel as a market and as an investment, it's actually quite attractive.
Regards,
Ted
http://www.etf.com/sections/features-and-news/israel-often-overlooked-outperformer?nopaging=1