Iran is a winner among Mena regional woes
Turquoise Partners’ Iran Fund, along with the wider Tehran market, is performing well amid turmoil in the Mena markets. The firm also says it will open in Iraq.
Iran has forged ahead well while other stock exchanges in the Middle East and North Africa (Mena) have been hurt this year due to social and political turmoil.
Foreigners can invest in stocks listed on the Tehran Stock Exchange. Iran is included in Goldman Sachs' list of ‘Next 11 Countries’ and that list also includes Bangladesh, Egypt, Indonesia, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey and Vietnam.
Tehran’s stock market is up 16% this year in local currency…
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