Citizens of Israel Fund Chosen ‘Fund of the Month’ by International Research Group

Jerusalem, 11 August, 2025 (TPS-IL) — The Citizens of Israel Fund (CIF), the assets of which are managed by a dedicated department at the Bank of Israel, has been chosen as “Fund of the Month” by the international research group Global SWF, which specializes in analyzing sovereign wealth funds and public pension funds worldwide.

The selection was based on CIF’s standout achievements since its establishment in 2022, particularly its strategic shift to private market investments while maintaining macroeconomic stability and a commitment to future generations.

Lena Krupalnik, Head of the Citizens of Israel Fund Management Department and a member of the Bank of Israel’s senior management, said: “The selection of the Citizens of Israel Fund as ‘Fund of the Month’ by Global SWF is a testament to the professional and dedicated work that has taken place since the Fund’s establishment. I’d like to thank the Fund Management Department employees, the Bank of Israel’s leadership, and all the other staff supporting the Fund’s activities—your partnership, commitment, and cooperation enable us to advance the Fund’s vision for the benefit of all Israeli citizens. A special thanks also goes to the Fund’s institutions for their significant contribution to its success.”

Global SWF’s monthly report includes an in-depth interview with Lena Krupalnik, member of the bank of Israel’s senior management and Head of the Citizens of Israel Fund Management Department. In the interview, she discussed how the Fund was created, the main challenges involved, its investment structure, and its long-term vision.