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Pakistan Market: ETFs launch; much awaited product launch at PSX – By IIS Research

  • By: Ismail Iqbal Securities (Pvt.) Limited

  • - Published: Tuesday, 06 October 2020
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan stock exchange (PSX) has launched two more Exchange Traded Funds (ETF); i) Meezan Pakistan ETF, offered by Al Meezan Investment Management and ii) NBP Pakistan Growth ETF, offered by NBP Funds. A gong striking ceremony is scheduled today, October 6, 2020 to mark the launch of Exchange Traded Funds on Pakistan Stock Exchange.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Though Globally, ETFs are an integral part of product offerings in the capital markets, ETFs at PSX were first launched in Mar-20, where initially two asset management companies (AMCs), National Investment Trust Fund (NIT) and UBL Funds offered i) NIT Pakistan Gateway ETF, and ii) UBL Pakistan Enterprise ETF. The launch of ETFs is a pa...

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