Karachi: Meezan Pakistan Exchange Traded Fund (MZNPETF) has announced the commencement of its portfolio rebalancing process as of on 13 Jan 2025, January 13, 2025. This action is being undertaken in compliance with Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, and the MZNPETF Offering Document.

The rebalancing process marks a significant step for the MZNPETF as it aims to optimize its portfolio in line with current market conditions and investment goals. As a result of this ongoing process, the indicative Net Asset Value (iNAV) will continue to be disseminated based on the previous basket. It is important to note that during this period, the iNAV will not accurately reflect the current underlying basket of securities.

According to information available from the Pakistan Stock Exchange (PSX), the rebalancing process is a routine adjustment that ensures the fund's investment strategy remains aligned with its objectives. The MZNPETF is committed to providing transparency and has assured stakeholders that they will be informed once the portfolio rebalancing is complete.

The Pakistan Stock Exchange has been notified to inform the Trading Right Entitlement (TRE) Certificate Holders about the ongoing rebalancing process. This action underscores the importance of maintaining clear communication channels among market participants.

The rebalancing of the MZNPETF portfolio is expected to enhance the fund's performance by adjusting its asset allocation to better capture potential market opportunities. As part of the broader designated market category, these adjustments are crucial for maintaining the fund's competitive edge and ensuring long-term growth prospects.

Investors and stakeholders are advised to stay informed through official announcements as MZNPETF progresses with the rebalancing of its portfolio. The fund's management remains committed to delivering value and maintaining a resilient investment strategy in the ever-evolving market landscape.