Tehran firm says to launch Iran's first index ETF
Turquoise Partners, a Tehran-based investment firm, said it planned to launch Iran's first exchange-traded fund tracking a stock market index, ahead of the possible lifting of international sanctions on the country. ETFs are portfolios of stocks that track a market - Turquoise's product will mimic the Tehran Stock Exchange's TSE 30 index of the 30 biggest blue chips. Since they involve low management costs and trade on exchanges, ETFs can give foreign investors a cheap, convenient route into frontier markets. The sanctions, imposed over ...
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