NBP Pakistan Growth ETF Begins Portfolio Reconstitution

Karachi: The NBP Pakistan Growth ETF (NBPGETF) has initiated the reconstitution of its portfolio starting August 7, 2024, following the latest adjustments to the NBP Pakistan Growth Index. This reconstitution aligns with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Regulations, as well as the provisions outlined in the offering document of the NBPGETF.

The reconstitution process will see the ETF adjust its holdings to better align with the changes in the underlying index. According to information available from the Pakistan Stock Exchange (PSX), during this period, the ETF’s Indicative Net Asset Value (iNAV) will continue to be based on the previous basket of assets. This approach ensures that the iNAV remains available for investors, even though it will not reflect the new composition of the portfolio until the reconstitution is complete.

The Pakistan Stock Exchange will be informed once the reconstitution process is concluded. The stakeholders, including the TRC Certificate Holders, have been advised of these developments to maintain transparency and compliance with regulatory requirements.

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