Trade via exchange-traded funds at Iran Fara Bourse (IFB) reached 85,403 trillion rials ($170.8 billion) in the first eleven months (ended Feb. 22) of the calendar year -- 146% higher on the same time last year indicating the rising role of ETFs in the equities market.
Based on the latest market report seen on the IFB website, ETFs worth 10,047 trillion rials ($21 billion) changed hands in the month, up 49% 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.
February 26, 2023 19:40
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ETF Trade Up 146%
About 1,084 billion shares were traded at the junior stock exchange worth 91,826 trillion rials ($183.6 billion) in the eleven months -- up 90% in value and 137% in volume y/y
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