From the very old days economic systems in parallel
with having physical facilities have been trying to utilize various
instruments to equip their resources and direct these resources towards
effective production activities and make profit.
Now a days in most of the industrial the
countries development of the financial sector has created a situation
in which we are witnessing new financial instruments within the
different economic regimes around the globe . to take the advantag of
the maximum available resources of the country.
One of these tools which has been used in most of
the developing countries during the recent few decades are investment
companies which are in the form of public companies . in order to equip
financial resources .
This group of companies because of their special
nature practically decrease the risk of investment and therefore have
been welcomed by the public in a way that based on some unofficial
estimations almost half of the value of listed stock in the exchanges
belongs to these companies .
Investment companies are among the active financial
institution within the capital market .By collecting small capitals of
the public and through issuance of stocks these companies invest in
profit making activities especially in stocks and other securities
,Therefore by diversification they are able to reduce the risk of
investment and at the same time provide their investors with a
reasonable return .
This dissertation is based on this hypothesis and is
trying to study whether we can suggest investing in the stock investment
companies as an investment which provides investors with reasonable
return and a low risk or not .
Another the point worth mentioning about the
importance of these companies is that such companies can play an
important role in pricing and stock valuation and eventually lead the
market towards more efficiency .Therefore these companies are providers
of a major part of financial resources flowing to securities exchanges
and are of great importance in the capital markets .
In this dissertation ,by doing a case study on a
petrochemical investment company as one of these investment companies it
has been tried to find an answer for this question that whether this
company was able to create a suitable portfolio in a way that not only
absorb small capitals but also provide a low risk with suitable return
investment opportunity for investors . In other word whether buying the
stocks of Petrochemical investment companies could be a proper
replacement and alternative investment choice for stocks of other
companies or not.
Risk ,Return , Investment Companies ,Investment
Portfolio ,Securities Exchange