SEO Revises Investment Fees for Funds to Improve Efficiency

This article was originally published on this site

The Securities and Exchange Organization is set to revise trading fees it charges investment funds to improve their efficiency.
According Meisam Fadaee, the SEO deputy for supervising financial institutions, fees henceforth will vary and based on performance.
As per current procedures, investment funds charge a fixed 2% on trade value of the fund regardless of the fund’s return.
“In the past, the performance of a fund had relevance on fees they charged on deals,” Fadaee was quoted as saying by the Securities and Exchange News Agency.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.