66218
Iran’s 1st Gold ETF Received Favorably
Iran’s 1st Gold ETF Received Favorably

Iran’s 1st Gold ETF Received Favorably

Iran’s 1st Gold ETF Received Favorably

Investors warmly greeted the underwriting of the Iranian capital market’s first exchange-traded commodity on Iran Mercantile Exchange, as 80% of the units offered by Lotus Gold Fund were sold on Saturday.
The investment fund, offered by Lotus Investment Fund, has Bahar Azadi Gold Coin as its underlying asset and is set to have an asset composition of both derivatives and securities based on gold.
According to Bourse Press, 7.8 million units of “TALA” were bought in the first hours of the trading day. The exchange-traded fund is scheduled to trade daily till Wednesday.
The minimum investment threshold is 10 units and the maximum is 10 million, each of which unit is priced at 10,000 rials. Investors can participate both through brokerages and online using their personal trading codes.
The gold fund will offer no dividend per share and the investor will profit based on the increasing value of purchased units over time. Considering the ETF’s active management, earnings are expected to exceed profits made from physical gold trading.
Active management is a portfolio management strategy where the manager makes specific investment with the goal of outperforming an investment benchmark index. It operates in contrast to passive management, in which investors expect a return that closely replicates a benchmark index’s movement and returns.

Short URL : https://goo.gl/d6rJc7
  1. https://goo.gl/xFL6OI
  • https://goo.gl/esFVTU
  • https://goo.gl/4PJGx5
  • https://goo.gl/fdLRLW
  • https://goo.gl/NuVVV3

You can also read ...

CBI Outlines Top Priorities
The governor of the Central Bank of Iran, who took the reins...
Interest Rate Growth Gathers Pace
Two major banks have been allowed by the Central Bank of Iran...
Colza Production Breaks 30-Year Record
Colza production in Iran since the beginning of the current...
Non-Oil Trade Value With Egypt Tops 80%
Iran traded 298,616 tons of non-oil commodities worth $128.23...
IKCO to Deliver Presold Peugeot 2008 SUVs
Extending apologies for the prolonged delay in the delivery of...
Vacuum Cleaners Imported From 14 Countries
More than $29 million worth of vacuum cleaners were imported...
Civil Servants Pension Fund Planning to Downsize
The Civil Servants Pension Fund is planning to cede either...
AML Bill Faces Objection
Iran’s Guardians Council ruled an anti-money laundering bill...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus