Karachi: The UBL Pakistan Enterprise Exchange Traded Fund (UBL-PE-ETF) has shown commendable performance in the fiscal year ending August 2024, according to the latest financial disclosures. The fund, designed to mirror the performance of the benchmark index, aims for long-term capital appreciation and consistent yields for its investors.
As of August 2024, the UBL-PE-ETF reported a fiscal year-to-date (FYTD) growth of 0.53%, slightly underperforming against the benchmark’s 0.55%. Since its inception, the fund has achieved a cumulative average growth rate (CAGR) of 20.55%, outperforming the benchmark’s 18.06%. The fund maintains a Sharpe Ratio of 0.39%, indicating a balanced risk-adjusted return relative to its peers.
According to information available from the Pakistan Stock Exchange (PSX), the total assets managed by UBL-PE-ETF are valued at PKR 17.28 billion, with the fund experiencing an annual growth of 159.22% since its inception. The ETF also maintains a diversified portfolio, predominantly in equities, which accounted for 91.09% of its assets as of August 2024.
The fund has declared a ‘Closed Period’ from September 23, 2024, to September 30, 2024, in compliance with PSX regulations, prohibiting any trading by directors, CEOs, or executives in the fund’s shares during this period.
Top equity holdings in the fund include prominent companies like The Hub Power Co. Ltd., Fauji Fertilizer Co. Ltd., and United Bank Ltd., which collectively contribute to a significant portion of the fund’s asset allocation and performance metrics.
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