SEO Revises Investment Fees for Funds to Improve Efficiency

The Securities and Exchange Organization is set to revise trading fees it charges investment funds to improve their efficiency.
According Meisam Fadaee, the SEO deputy for supervising financial institutions, fees henceforth will vary and based on performance.
As per current procedures, investment funds charge a fixed 2% on trade value of the fund regardless of the fund’s return.
“In the past, the performance of a fund had relevance on fees they charged on deals,” Fadaee was quoted as saying by the Securities and Exchange News Agency.