Launching the first investment fund in the capital market sector – Tejaratnews
According to Tejarat News, according to the announcement of the Tehran Stock Exchange, the Petrochemical Sector Investment Fund is scheduled to be subscribed from next Sunday.
Mahmoud Gudarzi, the CEO of Tehran Stock Exchange, announced the subscription of the first partial investment fund in the capital market on Sunday, February 23. He said: In order to diversify investment tools and to meet the needs of activists and investors, Tehran Stock Exchange, in cooperation with Sabedghandar Group Aghaz and with the permission of the Securities and Exchange Organization, will subscribe the first sector investment fund in the capital market under the name of Aghaz Petrochemical Sector Investment Fund.
He added: The investment fund is a suitable sector for investors who intend to invest indirectly in certain industries and want to benefit from investment opportunities in that sector or industry. These people can easily take advantage of these funds by buying sector funds instead of buying shares of active companies in the group or sector.
Gooderzi pointed out: Also, with the cooperation of knowledgeable portfolio managers, option contracts are also presented based on this fund, so that for the first time, the field of derivative bonds affected by the trend of the petrochemical industry in the country’s capital market will be provided.
The Managing Director of Tehran Stock Exchange stated: Investment funds are one of the indirect investment tools that have been well received by investors and market participants in recent years. In the Tehran Stock Exchange, there are various types of investment funds, including investment funds in stocks, in fixed, mixed, leveraged and land and building bonds, so that there is a suitable indirect investment tool for investors and activists with different tastes and expectations.
In the end, Gudarzi said: 495 million units of ordinary investment units can be subscribed to the Aghaz Petrochemical Sector Investment Fund under the symbol of Petro Aghaz from Sunday 11/23/1401 to Wednesday 11/26/1401 in the investment fund market of Tehran Stock Exchange. It will be offered to investors at a fixed price (1000 Tomans).
Source: Senate