Rebalancing Completion of JS Momentum Factor Exchange Traded Fund

Karachi: The portfolio rebalancing of the JS Momentum Factor Exchange Traded Fund (JSMFETF) has been successfully completed, following regulations outlined in the Securities Act of 2015 and PSX Regulations, according to official documents released.

On September 6, 2024, details regarding the expected rebalancing were first issued, citing compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, as well as the stipulations in the Offering Document of JSMFETF. This recent update marks the conclusion of the adjustments made within the fund’s portfolio, aligning with the planned financial strategies and maintaining regulatory compliance.

According to information available from the Pakistan Stock Exchange (PSX), the conclusion of this process necessitates informing the TRE Certificate Holders of the Exchange to update them on the current status and implications of the rebalancing.

The adjustments in the fund are part of routine measures to align investment holdings with the fund’s strategic goals, ensuring that the portfolio management adheres to prescribed financial standards and legislative requirements.

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