31 July 2017 - 11:45

Gold Liquidity Fund Goes Active in Iran Mercantile Exchange

Tehran’s Stock Market says deals inside Parsian Lotus Investment Fund, as the first mercantile capital fund, have started as of July 30th after permits were issued in June.
News ID : 73018
طلای جهانی

On the opening day, the index for each unit stood at the highest level of 10,304 rials. The number of deals conducted by around mid working day topped 36,716. 



The registration at Parsian Lotus Investment Fund began in early June and was highly received by investors. On the first five days, the amount worth in shares sold to the investors stood at 15.798 billion tomans. 



Since Lotus is categorized as an investment fund (ETC), transferable in mercantile exchange markets, the transactions are possible through online systems. Therefore, the net asset value (NAV) of the fund is updated every two minutes in accordance with the fund’s total capital.



Lotus Parsian is in charge of running the fund and its inventory, with the activities of the firm being audited by Tehran’s Stock Exchange. The fund’s management system is operated in the active mode and the capital is a guarantor of gold coin deposits and gold-based liquidities.


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