ETF Fortunes Diminish

The Central Securities Depository of Iran in its new report said the value of exchange-traded funds reached 146.09 trillion rials ($1.23 billion) by the end of the calendar month to July 22.  
Compared to an earlier report on the value of ETFs by the end of the first calendar month to April 20, the new numbers show a massive 42% decline in the value of active ETFs. 
According to the report, published in the capital market clearing house website, there are presently 38 ETFs operating in the domestic capital market.  
An ETF is a type of fund that owns underlying assets (shares, stocks, bonds, oil futures, gold bullion, foreign currency) and divides ownership of those assets into shares.