EghtesadOnline: The overall value of exchange-traded funds reached 150.39 trillion rials ($1.33 billion) by the end of the calendar month to August 22, a report by the Central Securities Depository of Iran said.
This indicates a subtle increase of 2.6% monthly compared to the month ending July 22 when ETFs were worth 146 trillion rials, the report published at CSDI website showed.
Prior to that, ETFs had seen a massive decline of 42%.
An ETF is a type of fund that owns underlying assets (shares, stocks, bonds, oil futures, gold bullion and foreign currency) and divides ownership of those assets into shares, Financial Tribune reported.
ETFs hold multiple underlying assets, rather than only one like a stock. An ETF can own hundreds or thousands of stocks across various industries, or it could be isolated to one particular industry or sector.
The stock market clearing house website says there are 38 ETFs operating in the domestic capital market.
The CSDI in the report singled out the top-performing ETFs during the month. Arman Parand Mapna Project Fund was top on the list with a total value of 41.64 trillion rials ($368.5 million).
Etemad Afarin Parsian Fund was next as its value reached 12.90 trillion rials ($114.1 million).
Valued at 10.199 trillion rials ($90.25 million), Amin Yekom Farda Fund came in third.
This was followed by Arman Ati Kosar Fund with 10.136 trillion rials ($89.7 million), Kamand Fixed Income Investment Fund with 10.118 trillion rials ($89.5 million) and Parand Paydar Sepehr Fund with 10.108 trillion rials ($89.4 million).