Karachi: The Meezan Pakistan Exchange Traded Fund (MP-ETF) reported a significant financial performance for December 2025, with net assets reaching Rs. 0.86 billion, according to a fund review released by Meezan Bank Limited on January 16, 2026. The fund’s net asset value (NAV) per unit saw a very large increase of 4.76% during the month.

The MP-ETF, a Shariah-compliant exchange-traded fund, aims to provide investors an opportunity to track the performance of the Meezan Pakistan Index. This index is maintained by Al Meezan and comprises Shariah-compliant equity securities selected based on their market capitalization and traded value. The fund, categorized as an open-end Shariah-compliant exchange-traded fund, carries a high-risk profile with a launch date of October 5, 2020.

According to information available from the Pakistan Stock Exchange (PSX), the MP-ETF is listed there with the ticker MZNP-ETF. The fund management is overseen by Zohaib Jawaid, with the investment committee comprising industry professionals such as Imtiaz Gadar, CFA, and Muhammad Asad, among others. The Central Depository Company of Pakistan Limited serves as the trustee, while A.F. Ferguson & Company is the appointed auditor.

In December, the fund’s asset allocation was heavily weighted towards equities, holding 99.04% in equity, 0.92% in cash, and 0.04% in other receivables. The fund’s performance metrics indicated a standard deviation of 6.10% and a Sharpe ratio of 0.59, in comparison to other indices such as the KSE-100 Index and the KMI-30 Index.

The fund’s major equity holdings included significant stakes in companies such as Fauji Fertilizer Company Limited, Engro Holdings Limited, and The Hub Power Company Limited, with allocations of 14.83%, 14.16%, and 12.17% of total assets, respectively.

The MP-ETF’s performance over various time frames showed a 4.76% increase over one month, while the fiscal year-to-date return was 35.52%. The fund’s annual return in the fiscal year 2025 stood at 31.76%, with a tracking difference of -1.62% compared to its benchmark, which recorded a return of 33.38% in the same period.

Overall, the MP-ETF’s December performance was marked by a very large NAV increase, reflecting robust investment strategies and favorable market conditions.