Karachi: JS Global Banking Sector Exchange Traded Fund (JSGBETF) has announced a rebalancing of its portfolio, effective February 17, 2025. This activity comes in compliance with section 96 of the Securities Act, 2015, and clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) regulation, as well as the Offering Document of JSGBETF.

JS Global Banking Sector Index (JSGBKTI) has undergone reconstitution, prompting JSGBETF to initiate the rebalancing of its portfolio. According to information available from the Pakistan Stock Exchange (PSX), this reconstitution will align with the latest changes in the index, ensuring that the ETF accurately reflects the current market conditions and constituent changes.

During the rebalancing process, the dissemination of the indicative Net Asset Value (iNAV) will continue based on the previous basket. However, stakeholders are advised that the iNAV will not accurately represent the underlying basket until the rebalancing activity is complete. The management will notify the Exchange upon the completion of the portfolio reconstitution.

Investors and certificate holders of the Exchange are encouraged to stay informed of these changes as the rebalancing process unfolds. The designated market category remains focused on the banking sector, ensuring that investors have targeted exposure in line with the updated index.