Demand Grows for Investment Funds

With higher returns investment funds have become lucrative investment venues and are attracting more money, the Securities and Exchange Organization’s deputy chief for supervisory affairs said.
In a talk with IRIB news, Mesiam Fadaee said investment funds have so far attracted 5,300 trillion rials ($19.6 billion) of which fixed income investment funds accounted for 3,700 trillion rials ($13.7b).
“Given the low risks, more people have been approaching investment funds,” Fadaee said, adding that in some cases investment funds are more successful than banks in attracting investment.