Karachi, NBP Fund Management Limited has announced the reconstitution of NBP Pakistan Growth ETF (NBPGETF) in compliance with section 96 of the Securities Act, 2015, clause 5.6.1(a) of PSX regulation, and the Offering Document of NBPGETF. The reconstitution will take effect from August 07, 2023.

During the reconstitution process, NBPGETF will begin the process of reconfiguring its portfolio, making adjustments to align with the new NBP Pakistan Growth Index. While the reconstitution activity is ongoing, the dissemination of iNAV (intraday Net Asset Value) will continue based on the previous basket. However, it is important to note that the iNAV will not be a true representative of the underlying basket during this period.

NBP Fund Management Limited is dedicated to transparency and regulatory compliance in its operations, and the reconstitution of NBPGETF is a standard practice in line with the industry's best practices.

Investors and stakeholders are advised to stay informed about the reconstitution process and any changes to the ETF's underlying assets. The company will provide further updates once the portfolio reconstitution is completed and the new NBP Pakistan Growth Index is in effect.

NBPGETF investors are encouraged to remain vigilant and consider the implications of the reconstitution on their investment decisions. As the process unfolds, NBP Fund Management Limited aims to maintain smooth operations and uphold the interests of its ETF investors.