Economy, Business And Markets
0

Iran Investment Funds Post 17.5% Average Gain

Diversified investment funds had the highest average returns of about 21% for the year
Equity funds have had an average of 236.9% returns since their inception, followed by diversified funds with 157.05% and fixed-incomes with 80.73% in returns.Equity funds have had an average of 236.9% returns since their inception, followed by diversified funds with 157.05% and fixed-incomes with 80.73% in returns.

A total of 213 mutual and exchange-traded funds in Iran's capital market posted an average return of 17.5% during the previous fiscal year (March 2017-18), data released by Financial Information Processing of Iran showed.
This is while Tehran stocks registered a 25% growth during the same period.
Tehran Stock Exchange's main index TEDPIX scored 19,060 points or 24.7% during the year to close at 96.290. Iran Fara Bourse's benchmark index IFX also gathered 222 points or 25% last year to stand at 1,097.
A mutual fund is an investment containing a pool of different shares of individual stocks and or bonds, which are specifically chosen by the fund manager or management team. The price of a mutual fund is set at the end of each trading day and all mutual funds have expenses, including commissions, redemption fees and operational expenses.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com