AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, JS Momentum Factor Exchange Traded Fund (JSMFETF) has announced that its portfolio will undergo rebalancing effective May 8, 2023. This move follows the rebalancing of the JS Momentum Factor Index, which serves as the underlying index for the fund.
As a result, the dissemination of the indicative net asset value (iNAV) will be suspended during the rebalancing period. The fund will intimate the exchange once the portfolio is rebalanced, and the iNAV will resume its normal dissemination.
Rebalancing is a process that periodically adjusts the composition of a portfolio to maintain its desired asset allocation and investment strategy. In the case of JSMFETF, the rebalancing is a result of changes in the underlying index’s composition, which is designed to capture the performance of high momentum stocks.
JS Investments Limited, the investment manager for JSMFETF, asset Management Company in Pakistan. The company manages a wide range of funds, including mutual funds, pension funds, and separately managed accounts.
Investors in JSMFETF can expect to benefit from the rebalancing, as it ensures that the fund remains aligned with its investment strategy and captures the performance of high momentum stocks.