Emerging market specialist Charlemagne Capital has formed a joint venture with Iranian group Turquoise Partners to launch products offering access to the country's stock market.
The announcement comes days after a tentative diplomatic deal aimed at curbing Iran's nuclear ambitions. The 'framework' international agreement paves the way for sanctions on the Middle East state to be lifted later this year. Charlemagne said its joint venture with Iranian private sector financial services group Turquoise is based on a belief Iran represents "one of the best emerging market investment opportunities of recent times". The two firms will bring investment products to market "in the very near future", the boutique said. Turquoise manages over 90% of the foreign portfo...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
