In view of the massive potential lying ahead of the Iranian industries after the removal of sanctions and the fact that Iran is one of the world’s biggest untapped markets enjoying a diverse range of industries listed at its equity market, international fund managers have been visiting the country in a bid to prepare a sound ground for the post-sanctions era, hoping to be the first to enter the lucrative emerging market. The recent visit by top European investors was just one example, indicating the tremendous investment opportunities in Iran. A delegation of 10 fund managers from top investment companies in the United Kingdom, Switzerland, France and Russia paid a three-day visit to Iran with the aim of identifying leading Iranian industries. The trip was co-organized by the Swiss-based ACL Asset Management Company and leading emerging and frontier markets investment bank Renaissance Capital. The visiting fund managers committed to invest €300 million in Iranian companies with the highest market cap whenever the US-led sanctions against Iran are lifted. No commitment was made by ACL Asset Management Company, Renaissance Capital or any of their clients. Petrochemical, steel, auto, healthcare and consumer-related industries are among the largest sectors in Iran’s equity market.
