Odd Lots What It's Like To Be An Investor In Iran's Market Right Now
Jan 13, 2020
Maciej Wojtal, head of Amtalan Capital, shares insights on navigating the enigmatic Iranian stock market, which operates under heavy U.S. sanctions. He discusses the chaotic financial landscape following geopolitical tensions in 2020, highlighting why Iranian stocks often fly under the radar. Wojtal reveals the challenges of data scarcity, currency conversion issues, and how institutional investors are capitalizing on local market dynamics amid uncertainty. He also outlines the potential rewards for those willing to brave this opaque investment landscape.
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Maciej's Journey into Iranian Stocks
- Maciej Wojtal, a Polish finance professional, discovered the Iranian stock market after the 2015 Iran deal.
- Intrigued by its potential, he traveled to Tehran, opened accounts, and tested the market with his own money.
Sanctions on Iranian Stock Market
- U.S. persons and entities are prohibited from investing in Iranian stocks due to primary sanctions.
- Secondary sanctions further restrict investment by prohibiting dealings with sanctioned entities and sectors.
High Returns in Iranian Stocks
- The Tehran Stock Exchange was the best-performing equity market in 2019, doubling in dollar terms.
- High returns are driven by capital gains and dividend yields ranging from 10% to 20%.