Karachi: JS Investments Limited has announced the rebalancing of its JS Momentum Factor Exchange Traded Fund (JSMFETF), effective January 07, 2025. This strategic move complies with Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, and aligns with the Offering Document of JSMFETF.

The rebalancing process officially commenced on January 07, 2025, marking a significant step for JS Investments. The rebalancing of the JS Momentum Factor Index necessitates adjustments in the JSMFETF portfolio, although the indicative net asset value (iNAV) will continue to reflect the previous basket for the time being. However, it is important to note that the current iNAV may not accurately represent the underlying basket during this transition phase.

The market has been informed that the exchange will be notified once the rebalancing process is completed. According to information available from the Pakistan Stock Exchange (PSX), this rebalancing is a routine procedure aimed at maintaining the fund’s alignment with its strategic goals and market conditions.

JS Investments has communicated this development to the Trading Right Entitlement (TRE) Certificate Holders of the Exchange, ensuring transparency and preparedness among stakeholders. The rebalancing of JSMFETF is expected to enhance the fund’s performance and better align it with the market dynamics in the designated market category.