Iran Launches Mutual Fund To Target Foreign Investors
Iran is launching a government-sponsored mutual fund which would allow foreigners to invest in the Tehran Stock Exchange (TSE) which has been performing well recently. The new financial product the First Iran Fund is set at 50mn and will be managed by the Egyptian bank, EFG-Hermes Holding. Credit Suisse Group is said to be offering investment in the fund to some of its clients. US investors...