Risk aversion of the target market of investment funds

According to Tejarat News, this capital market expert said: increase Fundswith fixed income has caused the criticism of stock market activists to always be towards these stock market financial institutions.

Irena Sahar Farahmandi pointed out the risk aversion of the target market of fixed income investment funds and their customers and added: There are customers who entered these funds from the money market because of the competitive advantages of fixed income funds and somehow prefer these funds to bank deposits. They gave.

Farehmandi stated that according to the latest notification provided by the stock exchange organization, fixed income funds are required to allocate at least 15% of their assets to stocks, and said: This notification is related to March 2019, this is the case in most capital funds. The investment fell, and in the first quarter of 1400, the quorum of their shares was met and reached at least 25%, but unfortunately, we witnessed the decline of the stock market index and the decrease in the value of the fund’s stock portfolio, which caused the reduction of the quorum.

He pointed out that the stock exchange organization provided funds with other tools with the aim of supporting the stock market. Fixed income mutual funds invest in stocks and stock options.

What is the reason for the increase in fixed income funds?

This capital market expert emphasized: It should not be forgotten that if these funds are large funds and constitute a significant amount of liquidity, it is because of the trust of investors, and of course, fund managers have played a significant role in attracting this trust.

Sahar Farahmandi continued: No matter how much we want to enter riskier assets into these funds; As a result, fund managers are in a more difficult situation, and on the other hand, the confidence of investors may be damaged due to the conditions of the stock market and the systematic risks in it.

Farahmandi added: Two important issues are that the fund’s investment limit in shares and the pre-emptive right of shares will not be returned only with the combination of assets disclosed on the fund’s website; Rather, investment in subordinated securities is not recognized correctly in some software, and 50% of the base share should be considered as the quorum of the fund, which may not be recognized correctly, or investment in commodity deposit certificates may not be published on the website, so it should be added Let’s see the investment percentage in the above cases as the current quorum of fixed income funds.

He said: It is also important to mention that these funds endured a 30% decline in the stock market index for more than a year and a half, and due to the reserve of sufficient stock value, they were able to pass this stage and maintain the stability of paying dividends.

In the end, this capital market expert said: Now the portfolio of funds has lost value and it will take time to replace this, which we hope will be compensated by the growth of this percentage.