Investment firms sign deal to promote Iranian securities

07 April 2015

Charlemagne Capital and Turquoise Partners set to boost investment in Iran  

UK-based asset manager Charlemagne Capital and Iranian investment firm Turquoise Partners have set up a joint initiative to establish and promote funds to invest in Iranian securities markets.

The deal follows the successful conclusion of the nuclear talks between Iran and the P5+1 countries on 2 April which saw a framework agreement drawn up that will limit Iran’s nuclear programme in return for the gradual easing of economic sanctions against the country.

With the prospect of sanctions being lifted, foreign investor interest in Iran is beginning to grow. The country has a population of approximately 81 million people and the Tehran Stock Exchange is considered to be highly liquid with a wide range of sectors represented.

Turquoise Partners is an investment firm exclusively focused on Iran and manages more than 90 per cent of the foreign portfolio investment on the Tehran Stock Exchange.

Charlemagne Capital is an emerging market asset management group that advises Middle Eastern and frontier emerging market funds.

The opening up of Iran’s markets could potentially threaten the dominance of the Gulf countries in the regional financial markets.

A number of Gulf countries are attempting to reform and grow their capital markets and enhance their appeal to international investors. Saudi Arabia has said it plans to open up its stock exchange to foreign investors in 2015.

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