A total of 213 mutual and exchange-traded funds in Iran’s capital market posted an average return of 17.5% during the previous fiscal year (March 2017-18), data released by Financial Information Processing of Iran showed.
This is while Tehran stocks registered a 25% growth during the same period.
Tehran Stock Exchange’s main index TEDPIX scored 19,060 points or 24.7% during the year to close at 96.290. Iran Fara Bourse’s benchmark index IFX also gathered 222 points or 25% last year to stand at 1,097.
A mutual fund is an investment containing a pool of different shares of individual stocks and or bonds, which are specifically chosen by the fund manager or management team. The price of a mutual fund is set at the end of each trading day and all mutual funds have expenses, including commissions, redemption fees and operational expenses.