Business And Markets

ETF Trade Double  in Q1, IFB Says  

ETF Trade Double  in Q1, IFB Says  
ETF Trade Double  in Q1, IFB Says  

Trade via units of exchange-traded funds listed in Iran Fara Bourse stood at 430 trillion rials ($1.4 billion) in the first quarter (March 21-June 21) of the current fiscal year.
This was 107% higher on the corresponding period last year indicating the increasing traction of ETFs in the equities market. 
According to data published on the IFB website, deals in ETF units accounted for 34% of the total deals conducted via the  IFB in Q1. ETFs contribution to IFB trade was 23% in the same period a year ago. 
ETF units worth 171.98 trillion rials ($554 million) changed hands in the previous calendar month to June 21 – up 125% from the same month last year. 
An ETF is a type of pooled investment security. Typically, ETFs track a particular index, sector, commodity, or other asset, but can be purchased or sold on a stock exchange in the same way as a regular stock. 
The price of ETF units change throughout a trading day as the units are bought and sold.
ETFs include diverse investments, including stocks, commodities and bonds. They usually offer low expense ratios and fewer broker commissions than individual stocks.

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