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Karachi: The JS Momentum Factor Exchange Traded Fund (JSMFETF) has concluded its portfolio rebalancing, as detailed in the recent communication from the fund’s management, following the stipulations of the Securities Act, 2015 and the Pakistan Stock Exchange (PSX) regulations.
In a formal communication, the management of the JSMFETF outlined the completion of the rebalancing process initiated in a letter dated July 8, 2024. This process is part of regular adjustments that ensure the fund’s holdings align with the outlined investment strategy, pursuant to Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations.
According to information available from the Pakistan Stock Exchange (PSX), these periodic adjustments are critical for maintaining the performance alignment with the fund’s objectives as stated in the Offering Document of JS Momentum Factor Exchange Traded Fund.
The certificate holders of the exchange have been directed to update their records to reflect the changes following the rebalancing activity. This ensures that all parties involved are informed of the current state and composition of the fund.