AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The JS Momentum Factor Exchange Traded Fund (JSMFETF) has commenced the rebalancing of its portfolio as of July 5, 2024, following the latest adjustments to the JS Momentum Factor Index.
According to information available from the Pakistan Stock Exchange (PSX), this rebalancing is in compliance with Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of PSX Regulations, and aligns with the stipulations of the Offering Document of the JS Momentum Factor Exchange Traded Fund.
The fund has noted that while the intraday net asset value (iNAV) continues to be disseminated based on the previous basket of assets, it will not accurately reflect the current holdings until the rebalancing is complete. The Exchange will be notified once the process is finalized, and Certificate Holders have been advised of the ongoing adjustments.