Two new stock exchange funds are coming – Tejaratnews

According to Tejarat News, it is possible to establish a fund in the industry of basic metals and chemical products.

According to Arman, the head of the supervision center for investment funds of the stock exchange organization, said: partial funds can be established in two types, tradable, issuing and cancellation, and currently the possibility of establishing a fund in the industry of basic metals and chemical products has been prepared.

“Ali Akbar Iranshahi” said in this regard: sector investment funds are known in the world as sector funds and are considered one of the types of investment funds in shares, the majority of its resources are specifically on an investment industry. will be

Iranshahi pointed out that sectoral funds make it possible to invest focused on different industries and stated: If people believe in getting the expected returns in a certain industry and prefer investing in that industry, they can use these funds and This intermediary can be sure of the hedging of their investment.

He stated: Sectoral funds can be established in two types, tradable, issuing and cancellation, and currently the possibility of establishing a fund in the basic metals and chemical products industry has been provided. The Deputy for the Supervision of Stock Exchanges and Publishers will determine the industries for which it is possible to set up a sector fund.

The head of the investment fund monitoring center explained: In this type of equity fund, there is no need to use a liquidity guarantor, and at least 70% of the fund’s assets are spent on investing in the relevant industry.

Iranshahi said: The Board of Directors of the Stock Exchange Organization has approved and notified the statutes of the sector funds. Therefore, applicants can submit their request to the stock exchange organization in order to establish this type of funds.