AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Alfalah Consumer Index ETF (ACIETF) has commenced the reallocation of its portfolio following a recent rebalancing of the underlying index on June 28, 2024.
This adjustment is in line with Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, and the stipulations set forth in the Offering Document of the ACIETF. The rebalancing process, which began on July 5, 2024, aims to align the exchange-traded fund’s holdings with the changes in the consumer index.
According to information available from the Pakistan Stock Exchange (PSX), during this period of rebalancing and reallocation, the intraday net asset value (iNAV) disseminated may not reflect the true value of the ETF’s underlying assets.
The exchange and its Certificate Holders will be notified upon the completion of the portfolio reallocation to ensure all stakeholders are informed of the updated fund composition.