Issuance of the first license of the stock exchange real estate fund

According to Tejaratnews, Alireza Naserpour said: “In order to diversify the tools of the capital market and to support indirect investment, the first real estate investment fund (REITs) was authorized.” The goal is to diversify the investment portfolio of capital market participants and increase the share of housing in their portfolio.

According to the Deputy Supervisor of Financial Institutions of the Exchange Organization, the underwriting of the first leverage fund was done in December. The first joint stock mutual funds were also underwritten in January this year.

In the last 4 months, 22 investment funds were licensed and 11 investment funds were established in various types. Also by requesting agreement in principle; 17 new funds have been agreed, of which more than 30 are joint-stock, mixed or market-type.

Source: Young Journalist Club