Iranian sovereign fund IFIC is targeting investments in the healthcare and high-tech sectors in the hope of improving the lives of Iranians, Vahid Sharif, an investment manager at the fund, said on Thursday.

The Iran Foreign Investment Company, set up in 1997 as a holding company to manage the state's assets and investments overseas, has around $5 billion under management, Sharif said. Revenues come from company dividends, and its mandate is to reinvest these in new opportunities abroad.