Gov’t ETFs Will Be Reorganized 

The Securities and Exchange Organization (SEO) is amending articles of associations of two major exchange-traded funds managed by the government, the SEO chief said.  
In a talk with state TV, Majid Eshqi said the changes would, among other things, seek to improve trade of the ETF units by drawing the market price of units closer to the net asset value (NAV) of the ETFs, Fars News Agency reported. 
The government-affiliated ETFs were listed in the capital market in 2020 and hold stocks in giant state-run refineries and banks.