Value of ETFs Up 7%

A monthly report by the Central Securities Depository of Iran shows that the value of exchange-traded funds crossed 184 trillion rials ($1.6b) by the end of the last calendar month to October 22. 
The value increased by 7.6% over the earlier month when ETFs were worth 170.31 trillion rials.
According to the CSDI website, there were a total of 39 ETFs operating in the domestic capital market during the month. 
An ETF is a type of fund that owns underlying assets (shares, stocks, bonds, oil futures, gold bullion and foreign currency) and divides ownership of those assets into shares.