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Iran has 2 stock exchanges and over 600 listed shows a market capitalization of USD 140 billion. The marketplace is trading at a discount rate to other frontier/emerging markets. Due to the continuous sanctions, United States investors are not permitted to buy Iran directly presently. Dedicated Iran equity funds (consisting of Asia Frontier Capital) remain in the procedure to be launched for non-US investors - but not yet released due to the FX transfer problems.
Short-term options: The french vehicle manufacturer Peugeot.
In line with our procedure of being on the ground in the nations we invest in, Thomas Hugger (CEO and Fund Manager the AFC Asia Frontier Fund), traveled to Iran to participate in a conference in Tehran.
Having actually waited anxiously for 3 hours at the Dubai Airport for the last leg of my journey to Iran, I was eager to board the Emirates B-777 flight to Tehran. Espen, an investor in our AFC funds, wrote a report of his journey to Iran for our July 2015 AFC newsletter and had actually compared what he saw with the popular movie "Argo". I was looking forward to forming my own impressions of the Islamic Republic of Iran, a nation rich in history, crippled by economic seclusion, and now attracting the interest of foreign financiers in the wake of sanctions relief.
The flight appeared no different from other routes arriving and departing from Dubai, though there was a visibly huge representation of women, the majority of whom were not wearing hijabs or headscarves. After tasting my very first delicious Persian meal (and sipping my last beer for a while), we began our descent from the 1 hour 40 minute flight, and to my surprise, there was no modification in appearance of my fellow female travelers. We arrived at the little worldwide terminal structure, and only when the aircraft door opened did the women suddenly down their colorful headscarves.