PSX holds gong ceremony to mark the launch of fifth ETF.

Pakistan Stock Exchange (PSX) held a gong ceremony to officially mark the launch of JS Momentum Factor Exchange Traded Fund (JSMFETF). This ETF which is the fifth ETF on PSX was launched on January 7, 2022. The participants of the ceremony included Chairperson PSX, Dr Shamshad Akhtar; MD and CEO PSX, Mr. Farrukh H. Khan; CEO JS Investments Ltd., Ms. Iffat Zehra Mankani; CEO and President JS Bank, Mr. Basir Shamsie; CEO JS Global, Mr. Kamran Nasir along with other esteemed dignitaries, heads of banking and non-banking financial institutions including brokerage houses, insurance companies and other financial services and media personnel.

Speaking at the occasion, the MD PSX, Mr. Farrukh Khan, stated, "ETFs are an important product in global capital markets and it is exciting to see new and innovative ETFs being launched on PSX. Globally, ETFs command a large asset base worth over $9 trillion. It is an exciting development that we have the fifth ETF listed on Pakistan Stock Exchange. The JS Momentum Factor ETF which does not track a market-capitalisation based index is a valuable addition on the ETF sector of the bourse for attracting retail and institutional investors. I congratulate JS Investments on launching this innovative new ETF."

He further stated, "While I would urge brokers and AMCs to produce research and educate investors about this unique and attractive investment product, I would really emphasise upon the broker community to encourage and promote the ETFs to their current and new investors. This will add depth and liquidity to the market whilst presenting a suitable investment option for investors who want to diversify their portfolios cost-effectively. ETFs also allow savvy investors to focus on specific sectors or attributes of the market."

Speaking at the launch of the new ETF, the CEO of JS Investments, Ms. Iffat Mankani, said, "JS MOMENTUM FACTOR ETF is Pakistan's first Smart Beta Exchange Traded Fund and its launch would pave the way to a durable investment style that displays both active and...