In a study on the performance of exchange-traded fund, the Tehran Stock Exchange explored the popularity of the financial instrument in the world and reflected on the stumbling blocks on the way of ETFs in Iran’s capital market.
An ETF is a type of fund that owns underlying assets (shares, stocks, bonds, oil futures, gold bullion, foreign currency, etc.) and divides ownership of those assets into shares.
Data indicates that since inception in 1990, the value of ETF assets across continents reached $4 trillion by April 2017 and exceeded $5 trillion by the end of January 2018, indicating their increasing popularity in the world.
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