NDFI Refining Investment Policy

The National Development Fund of Iran, the sovereign wealth fund, reiterated that it is expanding its investment activity, outlining key investment options and listing areas the fund must shun. 
In a series of tweets, Mehdi Qazanfari, the NDFI chief, said the resources of the fund need to go into the manufacturing and services sectors. 
In addition, the NDFI will play a more active role in the capital market along with investment in “international money and financial markets”. 
Referring to the articles of association of the NDFI, Qazanfari earlier said the sovereign wealth fund is legally allowed to also invest in international markets.