– For many years Iran had, and still have, the worst type of Energy Subsidies payments in the world which has only resulted in a weak and unbalanced economy for the nation (Iran Economy). The FOB price of petroleum hovers around 40 cents in the region and considering the domestic price of gas (IRR 10,000 – 10.52 cents!) it is clear that the Iranian government pays
– Following the concerns around the volume of money supply in Iran Economy, a new report by CBI shows that this figure surpassed IRR 16,930,000 bn (cUSD 178 bn – USD/IRR @ 95,000) on Sep-Oct 2018 with a growth of 20.70% contrary to the previous year. The share of the “money” (i.e. cash) part is IRR 2,420,100 bn while the “near money” consisted IRR 14,518,300 bn of the total amount (47.7% and 17.2% rise respectively). This adds up to the administration challenge meeting the 2019/20 budget plan bill as concerns over a widespread economic recession grow up.
– After admitting “fundamental reform” as a must-have factor in the Iranian economy, now experts speculating on how much resources it takes to revive Iran Banking Sector. As the CEO of one the best performing banks in Iran with regards to international standards, aka Middle East Bank, Parviz Aghili Kermani stated in an interview that based on the latest figures up to September 2018, it takes USD 101 bn (@ USD/IRR 88,000) to perform proper restructuring of Iranian Banks.
– Expected to be a new derivative, the future contracts on 30 blue-chips of Tehran Stock Exchange will be open to trade from December 16, 2018. These futures will be expired in March 2019 and can only be traded via online trading platforms. The underlying assets of this new derivative are stocks of 30 giants of TSE and IFB with the following details:
– In an attempt to keep up the nations oil sales after US sanctions and put out other rivals like KSA, Reuters claimed that Iran sells oil on massive discounts in an unprecedented event in over a decade. According to this news agency, Iran is willing to sell its light crude production, for delivery in January 2019, a dollar under the market price. Other products like Iran heavy oil can be traded $1.25 below KSA prices while this figure for Forouzan field crude hovers around $1.10.
– Following the seriousness of Iran Central Bank to organized the chaotic situation of banks, the head of CBI announced that like the mechanism utilized on the FX market lowering exchange rates in Iran Economy to more reasonable and stable levels, bank deposits interest rates would be maintained in a step by step plan. As for the first stride, banks are not allowed to pay +20% interest to depositors in any way. Banks who violate the rule will be penalised effective immediately.
– After months of struggling to find a suitable host for Iran dedicated SPV, it seems that EU members reached an agreement and the vehicle will soon be established. France would be the domicile of this structure and a German official will manage the processes.
After more than 10 years of providing financial services to its clients, Agah Group established a dedicated asset management company (Agah Asset Management Co.) in order to aim its focus to managing the clients’ wealth with international standards. In this article, we are going to explore a bit about the current situation of Agah Group in terms of assets under management and performances.
The scheme below demonstrates the details of Agah asset management practice:
The sample performance reports of mutual funds managed by Agah Group can be found on our factsheets page here. Moreover, the below tables show 3 sample performance sheets of private portfolios for both individual of institutional clients of ours:
Our asset managers are to establish some very tailored portfolios based on the clients’ individual or organizational needs and risk profiles and invest in a wide array of asset classes in a way that investors have exposure to hot and trendy assets at each point.
Agah Asset Managment Co. consists of highly skilled individuals with advanced degrees of financial studies from top-tier colleagues of Iran or abroad who acquired professional licenses like CFA to manage our clients’ wealth. Risk management and capital preservation are the two main pillars of our asset management practice and because of that, we have divided our personals into three teams of Analysts, Portfolio Managers and Clients’ service desk (support desk) in order to run things as smoothly as possible.
– On their latest meeting, OPEC members agreed on a production cut addressing the oil prices massive falls during the last month. The good news is that considering the US sanctions, Iran got expected from OPEC production cut along with Libia and Venezuela. OPEC members and Russia agreed to cut their production by 1.2 mn barrels per day (800K for members and 400K for non-members). The global oil prices rose by 5 % in the wake of this agreement.
