Tehran's stock exchange is up eight percent in the week since an interim agreement was reached between Iran and the P5+1 made up of the United States, Great Britain, France, China, Russia and Germany. However year to date the market is down three percent.
Charlemagne plans to look at Iran's banking and telecom sectors first but Bokor-Ingram believes Iran's market is so well developed all sectors are ripe for investment.
The Tehran Stock Exchange has a market cap of 160 billion dollars with 300 public companies. If the Iranian market went into the global frontier market index immediately it would be worth one quarter of that index right now.