– 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.
– In an interview with Javad Zarif, the current Iranian Minister of Foreign Affairs, it was announced Iran dedicated SPV is now finalized and soon will be registered. The heads of EU powers apparently are on the same page about the mechanics of this specialized purpose vehicle, however, in order to minimize the chance of US meddling, EU members are finalizing the practical steps in private. This came out after the meeting of Javad Zarif with EU officials held the other week in Geneva.
– Following the plan to develop the depth of Iran Capital Market (Tehran Stock Exchange and Iran Fara Bourse), the IFB’s head of new financial instrument operations department told the press that two new derivatives will be ready to trade in a matter of two weeks. “Index Future contracts” and “Portfolio future contracts” will be operational from December 13 onward on both Iranian Equity Exchanges. These new instruments pursue the goal of creating internationally accepted hedging tools.
– After the first 8 months of 1397 (2018/19), the total non-oil exports surpassed USD 31.491 bn which made Iran Trade Balance positive for USD 2 bn. The figure is raised 12.96% in value contrary to the same period last year. Major exports of Iran were gas condensates (8.81%), liquid propane (4.25%) and other light oil products except for petroleum (3.5%). The top 5 export destinations of Iranian products are Iraq (21.46%), China (20.52%), UAE (16.17%), Afghanistan (7.13%) and India (4.99%).
– “The securities and exchange organisation of Iran (Iran SEO) is now an Ordinary member of IOSCO”, said Shapoor Mohammadi in its latest press conference. After 10 years of continuous efforts and discussions with the Secretary-General and senior officials of IOSCO, the status of Iran SEO changed from Associate to Ordinary member which will lead to better and more professional interactions with almost 95% of international exchanges.
– In a study carried out by Donya-e-Eqtesad, Iran Government financial status has been analyzed with a bit of historical comparison and an eye on the sanctions snapback. It seems that President Rohani’s administration is under a lot of pressure and must make difficult choices surviving the next two years. Moreover, the administration shall become more organized by utilizing strict financial disciplines. The below picture demonstrates a brief yet comprehensive image of the state financial status:
– Senior European diplomats have claimed that France and Germany stepped up for hosting Iran dedicated SPV after the rejections by Luxembourg and Austria. In the suggested structure, if France host that SPV then a German official would be as its manager and vice versa.