Negative 17% refining return this year

According to Tejarat News, during today’s stock market trading, which was accompanied by a drop of about one percent in the overall index, government funds also recorded a negative performance.

While the trading time of investment funds has increased to about 2:30 pm from about three months ago, this measure did not change the trend of trading of government funds.

From the beginning of this year until today, the first refinery has recorded a 17% price drop and now it is traded in the price range of 7100 Tomans. Meanwhile, in the same period, the total index of Tehran Stock Exchange has recorded a growth of 10%. The interesting thing about the first refinement is that although this fund has a daily trend similar to the total index, but in the end its return, unlike the total stock index, has been negative since the beginning of the year.

Also, the net asset value of this fund has been recorded today at 9373 Tomans. This means that each unit of the first refinery is trading 24% less NAV. Meanwhile, each first refinery unit was sold at the time of offering 10,000 Tomans, and now, more than a year after the launch of this fund, the shareholders of this government ETF have suffered losses.

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