EghtesadOnline: The record monthly growth in the Iranian stock market last month (July 23-Aug. 22), with a 26% increase registered in Tehran Stock Exchange alone, led to the prosperity of investment funds .

EghtesadOnline: According to data released by Financial Information Processing of Iran, the 214 investment funds in Iran’s capital market posted an average return of -0.08% during the fourth month of the current fiscal year, Tir (June 22-July 22).

EghtesadOnline: Following a directive issued by the board members of Securities and Exchange Organization for all financial entities under its supervision, banks and non-bank credit institutions are barred from holding management positions in investment funds .

EghtesadOnline: Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply.