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Karachi, In accordance with Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of PSX Regulations, and the Offering Document of JS Momentum Factor Exchange Traded Fund (JSMFETF), it is announced that the JS Momentum Factor Index has been rebalanced effective June 7, 2024.
According to information available from the Pakistan Stock Exchange (PSX), JSMFETF has begun the process of rebalancing its portfolio as of today. The iNAV will continue to be disseminated based on the previous basket, but it will not accurately represent the underlying basket until the rebalancing is completed. An update will be provided to the exchange once the portfolio has been fully rebalanced. Certificate Holders of the Exchange will be informed accordingly.