ITEQ, the Israeli tech ETF, outperformed in March, gaining while broader markets fell, and Israeli tech startups raised $3 billion in Q1. The removal of existential threats and value in defense tech, cybersecurity, and semiconductors drive resilience and growth potential. Long ITEQ for exposure to undervalued Israeli tech companies that punch above their weight in innovation. Escalation of regional conflict could disrupt business operations, though historically the sector has been resilient.