Iranian securities fund seeks foreign money post-sanctions | Reuters:
"A British asset manager and a Tehran firm formally launched a fund on Sunday, the day after world powers lifted sanctions against Iran, to invest foreign money in Iranian securities, aiming to reach a size of $100 million this year.
"We see tremendous opportunities in Iran's equities market and this is the first European Union-regulated fund available to capture them," Ramin Rabii, chief executive of Iranian investment group Turquoise Partners, said by telephone.
He added that other firms were laying plans to create funds for foreigners in Iran as the lifting of sanctions opened up a stock market with a value of around $80 billion at the free market exchange rate - one of the last big unexploited opportunities for global portfolio investors."
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