معمارنژاد

Tehran, May 19 (SENA) - Deputy Minister of Economy uttered: In two years the government would exit ETF management.

As SENA reports, Abbas Me’marnejad informed about the procedure of ETF management: According to the regulations, until the end of the 6th program, the management of the fund is held by the government and it should be conceded after this period.

He added: Government’s exit from the fund is written in the regulations. However, ones with one tenth percent of fund’s unit are allowed to participate in the associations and can decide about the new management of the fund.

Deputy Minister of Banking, Insurance and Public Companies mentioning the selling ability to the legal entities is available, declared: As the combination of the present stocks is applicable we expect a great participation even with the little amount of buyable units.

Me’marnejad stated that we predict great ovation since the units are sold 100 thousand Rials per unit and their real value is roughly twice as much.

He also remarked about the transfer of bank assets: The procedure is being done and in a period of the last 6 weeks, banks have sold 70 Trillion Rials worth of stocks. Government’s first supply would be published in the next few days and Omid Investment Group related to the Sepah Bank that values 700 Trillion Rials would be conceded. However, this supplement would be done in numerable levels until the end of this year.

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