According to data released by Financial Information Processing of Iran, the 214 investment funds in Iran’s capital market posted an average return of -0.08% during the fourth month of the current fiscal year, Tir (June 22-July 22).
The funds’ insipid performance is actually a reflection of the market’s overall trend for the month: fluctuating wildly and ending near-flat. Certain funds investing in commodities, however, did surpass the market benchmarks in returns.
Tehran Stock Exchange’s main index TEDPIX inched down 42.1 points or 0.03% during the month to close at 108,830. Iran Fara Bourse’s benchmark index IFX dropped 20 points or 1.6% last month to stand at 1,222.
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.
July 25, 2018 19:16
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Investment Funds Stage Lackluster Performance
Fixed-incomes were the only funds with returns in positive territory (2%), as diversified and equity funds posted an average return of -0.89% and -1.41% respectively
Lotus Gold Fund outperformed all other funds by a large margin, as its returns for the month stood at 22.8%
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