SEO to Launch Leveraged Funds

The Securities and Exchange Organization has approved regulations for leveraged funds in the stock market.
Reza Nowhi, the SEO deputy chief for investment funds, said the risk hedging property of such funds is attractive for both risk-taking and risk-avoiding investors.  
“Stocks and stock rights constitute a majority of the portfolios of leveraged funds,” he was quoted as saying by the Securities and Exchange News Agency. In addition to stocks, the funds also offer derivative contracts as underlying assets.