Torang Investment Advisory's Assets Under Management Top 100 Trillion Tomans, Up 130 Percent in a Year

Hadi Jowhari, CEO of Torang Investment Advisory, told Boursenews the company's assets under management have grown 130 percent over the past year to top 100,000 billion tomans (100 trillion tomans). He said Torang runs 10 investment funds spanning fixed income to equities, and the number of its individual and institutional clients has reached one million since the firm began operating.

Jowhari said the Zeytoon mixed fund, with 7 trillion tomans in assets, is the market's largest mixed fund; the Narenj leveraged fund posted a 404 percent return, the highest among Iranian financial assets; and the Rose Toranj gold fund's assets grew 900 percent, the fastest growth among gold funds.