Karachi: JS Momentum Factor Exchange Traded Fund (JSMFETF) has announced the initiation of its portfolio rebalancing process, effective April 09, 2025, as per Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations.

The rebalancing of the JS Momentum Factor Index has been implemented, prompting JSMFETF to begin adjusting its portfolio to align with the new index composition. This adjustment process is in accordance with the Offering Document of JSMFETF. As of April 09, 2025, the indicative Net Asset Value (iNAV) will continue to be disseminated based on the previous portfolio basket. However, it is important to note that this value will not accurately reflect the current underlying basket during the rebalancing period.

The management of JSMFETF is in the process of executing the necessary changes to its portfolio to ensure compliance with the newly adjusted index. According to information available from the Pakistan Stock Exchange (PSX), the exchange will be notified once the rebalancing process is complete.

Market participants, including TRE Certificate Holders, are advised to take note of these changes and adjust their strategies accordingly. The rebalancing process is a routine adjustment aimed at maintaining the fund's alignment with the updated index, ensuring that it continues to meet its investment objectives.

Market stakeholders are encouraged to stay informed through official communications from the fund and the Pakistan Stock Exchange.