How the Israel-Hamas war is rippling through markets and hurting Israel-focused ETF

‘The market is going to be watching if Iran gets involved,’ says Ameriprise Financial’s Anthony Saglimbene

Geopolitical tensions in the Middle East are weighing on investor sentiment in the exchange-traded fund market as traders watch for ripple effects from the Israel-Hamas war.

“The market is going to be watching if Iran gets involved” should Israel carry out a ground invasion into Gaza, said Anthony Saglimbene, chief market strategist at Ameriprise Financial, in an interview with MarketWatch on Monday in New York. In the U.S. equities market, energy stocks stand to benefit from any rise in oil prices while airlines would risk falling under pressure from higher jet fuel prices and a potential drop in air travel on concerns tied to the war, said Justin Burgin, vice president of equity research at Ameriprise.

While the iShares MSCI Israel ETF, which has $118 million of assets under management, was falling on Monday, shares of smaller Israel-focused ETFs were up on Monday afternoon.

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