Karachi: JS Investments Limited announced the rebalancing of its JS Momentum Factor Exchange Traded Fund (JSMFETF), effective May 08, 2025. In compliance with Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, and the Offering Document of JSMFETF, the rebalancing process of the JS Momentum Factor Index has commenced as of today.

According to the announcement, the indicative Net Asset Value (iNAV) will continue to be disseminated based on the previous basket. However, it will not accurately reflect the underlying basket until the rebalancing process is complete. The company has assured that the exchange will be informed once the portfolio rebalancing is finalized.

The rebalancing activity follows the guidelines set forth to ensure compliance with PSX regulations and aims to adjust the portfolio to better align with the revised index composition. This procedure is a part of the standard practice to maintain the fund's alignment with its benchmark index.

According to information available from the Pakistan Stock Exchange (PSX), the rebalancing has been initiated as per schedule. The TRE Certificate Holders of the Exchange are being informed of this development accordingly. The designated market category for this process is classified under the exchange-traded fund sector.

JS Investments Limited has not specified a timeline for the completion of the rebalancing process. However, they have committed to providing updates to the exchange and stakeholders as the process progresses.