45172
Tehran Stock Exchange Lists New Bond ETF
Economy, Business And Markets

Tehran Stock Exchange Lists New Bond ETF

The fourth bond-only exchange-traded fund started the four-day process of selling its investment units on Saturday at Tehran Stock Exchange.
The ETF, named Parand, will only invest in fixed-income assets that have seen rising demand in the past year due to turmoil in the equity markets.
Unlike most ETFs, which are listed on Iran Fara Bourse over-the-counter market, the fund will be listed at TSE, Iran’s largest equity market.
This is the first bond ETF that offers its units for underwriting in the current Iranian year (started March 20).
Arman Ati Investment Advisory is creating the fund. Sepehr Investment Bank will manage and market the bonds for Parand.
The two companies, in cooperation with Khobregan Brokerage, started Sepehr Khobregan Naft hybrid ETF last July. The fund’s net asset value has grown 14.5% last year.
Investing in an ETF is simpler than investing in a mutual fund. These shares are traded on exchanges and can be bought and sold via a broker or on an online trading platform. They rid you of management costs mutual funds rack up while offering easy access to a diversified portfolio.
There are only eight ETFs that have been active for over a year. They managed 4.48 trillion rials (about $128 million at market exchange rate) combined as of March 2015. Of those eight, five invest in stocks only. Two are hybrid funds, investing in both stocks and bonds. The remaining one, Etemad Afarin Parsian, only holds bonds in its portfolio and is by far the largest with 3.3 trillion rials ($94.7 million) in assets.

Short URL : http://goo.gl/MgJ9NT
  1. http://goo.gl/jChNSc
  • http://goo.gl/NlCvcO
  • http://goo.gl/O5SuXB
  • http://goo.gl/eNtSKJ
  • http://goo.gl/wIdZJu

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
Easy-Open Can Lid Imports  at $22 Million
Close to 3,610 tons of aluminum easy-open can lids worth $22...
Tehran to Host Int’l Stone Expo in July
The 10th International Iran Stone Exhibition, also known as ‘...

Trending

Googleplus