Karachi: The JS Momentum Factor Exchange Traded Fund (JSMFETF) has commenced the rebalancing of its portfolio in alignment with the recent adjustments to the JS Momentum Factor Index. This development, effective as of June 10, 2025, is being carried out in accordance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, as well as the Offering Document of JSMFETF.

The rebalancing process began today, June 10, 2025, and involves recalibrating the fund's portfolio to reflect the newly adjusted index. As a result, the indicative Net Asset Value (iNAV) is currently being disseminated based on the previous basket, which may not accurately represent the underlying assets. The fund plans to notify the exchange once the rebalancing process is complete.

According to information available from the Pakistan Stock Exchange (PSX), the JS Momentum Factor Index underwent a scheduled rebalancing, prompting the subsequent adjustments in JSMFETF’s portfolio. The adjustments are part of regular procedures to ensure that the fund's holdings remain aligned with the index it is designed to track.

Market participants, including the Trading Right Entitlement (TRE) Certificate Holders, have been advised to take note of these changes. The fund managers are expected to provide further updates to the exchange upon completion of the rebalancing process to ensure transparency and maintain investor confidence.