Dr. Eshghi at the unveiling ceremony of the supplementary pension fund: We saw a higher return than the market in most investment funds in the last year.

The head of the Securities and Exchange Organization said: This fund was launched with the initiative of the financial institutions and according to the needs of the capital market. One of our fundamental policies in the past two years is the discussion of indirect investment, which is realized through funds and revolving baskets.

According to the reporter of the analytical news site of Bursa Times, At the same time as the government week, the unveiling ceremony of the supplementary pension fund under the management of Sabadgandar Andisheh Saba as one of the companies of the financial group of Saba, this afternoon, Wednesday, September 8, 1402, with the presence of Dr. Seyed Ehsan Khandozi, Minister of Economic Affairs and Finance, Dr. Seyed Solet Mortazavi, Minister of Labor and Social Welfare, Dr. Majid Eshghi, Chairman of the Securities and Exchange Organization, Ebrahim Bazian, CEO of the Social Security Investment Company, Abdul Ali Ali Asgari, CEO of the Persian Gulf Petrochemical Industries Company, Ali Akbar Iranshahi, Chairman of the Investment Funds Supervision Center of the Exchange Organization, members of the Supreme Council Stock Exchange, MPs, Managing Directors of Capital Market, other officials and a group of media members, was held in the Shahid Motahari Building of the Securities and Exchange Organization.

Dr. Majid Eshghi, head of the Securities and Exchange Organization

Dr. Majid Eshghi, head of the Securities and Exchange Organization, said at the unveiling ceremony of the supplementary pension fund: “I am very proud that today, together with our loved ones, we are unveiling one of the promising and fundamental products of the capital market.” This fund is a tool that will have many blessings for all the beneficiaries in the medium and long term.

He continued: This fund was launched with the initiative of financial institutions and according to the needs of the capital market. One of our fundamental policies in the past two years is the discussion of indirect investment, which is realized through funds and revolving baskets.

The head of the Securities and Exchange Organization stated: the value of the assets of all funds, including equity funds, fixed income, commodity, bold, etc., was 885 hemats, and in the meantime, equity funds had a good growth and reached from 45 hemats to 100 hemats. As for the basket makers, the assets under their management have increased from 45 to over 100. With the development of financial institutions, we expect this increasing trend to continue.

Dr. Eshghi admitted: One of the good things that happened in the last year was the higher yield than the market in most investment funds. According to statistics, the annual return of the market was 38%, while funds and hedge funds had more than 50% return. Indirect investment instruments perform better in market fluctuations, and more than 75% of the funds also earned higher returns than the market. Currently, we have 406 investment funds, more than 75% of which have yielded more than the capital market. One of the mission and duties of the organization is to increase the supervision of the funds; Because people’s assets are in these funds. I also thank all managers of funds and financial institutions.

He announced: 1,100 issuance and 1,050 cancellations have been made in the issuance and cancellation funds. The role of investment funds in daily transactions is bold; So that in the last two years, 18% of the daily transactions of the entire market were allocated to ETFs, and now it has reached 50%, and we hope it will increase again, which shows that investment funds have found their place and people know that this fund have high liquidity and less volatility.

The head of the Securities and Exchange Organization continued: More than 8,200,000 real people invested in the funds. More than 60% of all fund owners are real. Lawyers work in fixed incomes. This helps us to hope for the stability of the market in the future. The pension fund remains like a walnut tree and the blessings of this fund will be determined in the next 10-20 years, and one of its advantages is the permanence of investment funds in the capital market.

Dr. Eshghi, at the end of his speech, said: lack of tenure is one of the characteristics of this fund. Its other feature is to create stability in the capital market and it is also used by employers and employees. In some organizations, this fund is formed in the heart of the organization itself, which can cause challenges for the company itself, and it has become very difficult to separate the funds from the companies. We hope to have investors mainly in funds and portfolio managers because this will make it more professional and more stable.

Dr. Seyed Ehsan Khandozi, Minister of Economic Affairs and Finance

Dr. Seyed Ehsan Khandozi, Minister of Economic Affairs and Finance, said at the unveiling ceremony of the supplementary pension fund: We are facing an issue such as banks’ disharmony in pension funds in a different way due to wrong policies. For this reason, it was not accepted in the 1401 budget bill, and in the law or the seventh development bill of the government, we are looking to create the will and courage to resolve the pension funds.

He continued: It is very important for market analysts to appreciate the fact that indirect investment by these funds is for the benefit of the market, for the benefit of the collections and overall for the benefit of the investors.

The Minister of Economic Affairs and Finance said: The important thing about the funds issue is that due to the wrong policies in these funds, we see disharmony. Of course, this happens all over the world; But in our country, the type of dissatisfaction is different.

Dr. Khandozi added: We are the editor of a series of mistakes in the past, which shows that this happened as a result of decisions made in the past. We are witnessing this happening especially in the case of banks’ dissatisfaction. We had to think of short-term measures to remedy this. We hope that at least in the 7th development plan, by using these funds, we will reduce the existing disparity.

He stated: Pension investment funds can spread in most areas and the capacity of these funds can be used to reduce imbalance.

At the end of his speech, the Minister of Economic Affairs and Finance said: We hope that projects like these will continue to expand and not be abandoned like many other economic projects. Considering that the Seventh Plan document is a good excuse for the country’s economy, therefore, at least a 5-year period should be considered to advance the goals. The approved text of the 7th Program Consolidation Commission is ready to be presented to the public.

Dr. Seyyed Soulat Mortazavi, Minister of Labor and Social Welfare

Dr. Seyyed Soulat Mortazavi, the Minister of Labor and Social Welfare, said at the unveiling ceremony of the supplementary pension fund: Employees need a future, the legislator has considered supplementary pension funds for this purpose, and people can invest in these funds and benefit from their profits. Benefit.

He continued: One of the great services that the holy system of the Islamic Republic of Iran has done is the issue of life expectancy. The average life expectancy at the beginning of the revolution was between 50 and 55 years; But with the measures taken by the system, according to reports, it has now reached 77 years.

The Minister of Labor and Social Welfare added: “Employees need a future. Alhamdulillah, pension funds, which are an intergenerational fund, have provided a plan for a dignified life, but it is not enough.” Due to the fact that in the system of the Islamic Republic of Iran, there are many transactions and the costs are high, it is necessary to do a proper job for this matter.

At the end of his speech, Dr. Mortazavi said: Fortunately, the legislator has considered supplementary pension funds for this purpose, and people can invest in these funds and benefit from their profits. As much as a person invests, he can benefit from it. Individuals can invest in these funds after retirement and their heirs can also benefit from it.

According to this report, the supplementary pension fund is designed for financial empowerment of people at the time of retirement. These funds invest in the capital market, and in the long term, the covered people can enjoy its income and returns along with the main pension funds.

The nature and function of supplementary pension funds

The following is a summary of the points related to these funds:

• The minimum required capital of the fund is 5000 billion Rials and the minimum number of investors must be 500 people.
• The minimum total value of premium investment units is 100 billion Rials.
• The structure of the fund is based on issuance and cancellation.
• The fund is of type and asset class in three categories: equity, index and fund-in-fund. (However, more flexibility is to be adopted in the type of investment assets, and asset classes such as gold funds, real estate, and land and buildings are among the most likely assets that are going to be added to the mentioned items.)
• On each trading day, the daily value of the fund’s assets is calculated (unlike the plan of future funds of some companies, which had significant uncertainties in this field.)
• The fund has three types of investment units:
  • First type normal: units that are issued according to the employer’s name and with payment equal to or a percentage of the second type normal investment units;
  • Second type normal: units that are issued as labor force according to the employer’s announcement;
  • Normal third type: It is units that other investors can invest in on their own and participate in underwriting.
• It should be noted that the first and second investment units can only be canceled based on the employer’s request.
• The base value of the fund’s investment units is 10,000 Rials.
• In order to cover the liquidity risk of the fund at the time of cancellation of the investment units, the liquidity ratio of the fund is calculated based on actuarial calculations and compliance with the method mentioned in the prospectus, and the fund must always use the mentioned percentage of its resources in the form of fixed income securities and deposits. Banking, investing. This coefficient should be calculated at the end of each year.
• One or more employers can participate in each fund.

This report adds, the speakers of the unveiling ceremony, respectively; Mr. Dr. Majid Eshghi, Dr. Nasserpour, member of the board of directors of Tehran Stock Exchange, Dr. Ehsan Khandozi and Dr. Solat Mortazavi spoke to the audience about the technical issues, opportunities and benefits of this financial instrument.

It should be noted that at the end of the supplementary pension fund unveiling ceremony, Dr. Majid Eshghi, head of the Securities and Exchange Organization, was in a special news position and answered their questions in a conversation with journalists and television reporters.

Dr. Majid Eshghi, head of the Securities and Exchange Organization

Dr. Majid Eshghi, head of the Securities and Exchange Organization, announced in a part of this news conference: The amount of resources injected by supplementary pension funds into the capital market in the medium or long term is not known, and there is currently no accurate forecast about this. we don’t have But we assume that in a short period of time, the assets under the management of these funds will pass several levels.

Media reporter: Samad Yousefi

Pictures of the unveiling ceremony of the supplementary pension fund

Video footage of the unveiling ceremony of the supplementary pension fund

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