SEO: Investors Prefer Indirect Investment in Capital Market

Three hundred investment funds operate in Iran’s stock market with about 10.2 million investors, an official with the Securities and Exchange Organization said.
“These investors have opted for indirect investment in the capital market”, Mesiam Fadaee, the SEO deputy for supervising financial institutions, was quoted as saying by the Securities and Exchange News Agency.
The official recommended investing in such funds for investors lacking enough financial literacy. Investment fees are also lower in indirect investment.  
“Most investors cannot [professionally] analyze the share market and due to higher trading costs in direct investment in shares, investment in these funds are recommended,” Fadaee said.