Karachi: In compliance with the regulatory framework established by the Securities Act, 2015, and the Pakistan Stock Exchange (PSX) Regulations, UBL Pakistan Enterprise Exchange Traded Fund (UBLPETF) announced on 1 August 2024 that it will not undergo its scheduled quarterly portfolio rebalancing. According to information available from the Pakistan Stock Exchange (PSX), the decision was reached after determining that the fund's holdings are within the permissible exposure limits.
The oversight, underpinned by section 96 of the Securities Act and clause 5.6.1(a) of PSX Regulations along with stipulations in the Offering Document of UBLPETF, mandates a review of the fund's asset allocation each quarter to ensure alignment with regulatory standards. The current assessment confirms that UBLPETF's investment distribution does not necessitate adjustments at this time.
TRE Certificate Holders of the Exchange have been notified about the continuation of the existing portfolio setup without change, adhering to the structured guidelines for maintaining market stability and compliance.