Rise of ETFs in Focus

The performance exchange-traded funds in Iran’s capital market shows the value of ETFs has grown at almost the same pace as the Tehran Stock Exchange. 
ETFs have posted up to 250% gain since the beginning of the current fiscal year up until July 13 parallel with the TEDPIX’s 252% gain in the same period, the Securities and Exchange News Agency reported. 
Among the top-performing ETFs were Ofogh Mellat ETF affiliated to Mellat Investment Bank, the investment wing of Bank Mellat.