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Iran Gov’t ETFs Get a Facelift

EghtesadOnline: The Cabinet has approved proposals by the Securities and Exchange Organization (SEO) for reforming the governing structure of the two major exchange-traded funds of the government.

Majid Eshqi, the SEO chief, made the announcement Monday in a talk with state TV, expressing the hope that the changes would help lead to better functioning of the two major funds.

The government-affiliated ETFs were listed in capital market in mid-2020 and hold stocks in giant state-owned refineries and banks.

stock exchange Majid Eshqi