January 14, 2022

Gong Ceremony held to mark the Launch of JS Momentum Factor ETF at PSX

Pakistan Stock Exchange (PSX) held a gong ceremony to officially mark the launch of JS Momentum Factor Exchange Traded Fund (JSMFETF). This is the fifth ETF launched on PSX. The participants of the Ceremony included Chairperson PSX, Dr Shamshad Akhtar; MD & CEO PSX, Mr. Farrukh H. Khan; CEO JS Investments Ltd., Ms. Iffat Zehra Mankani; CEO & President JS Bank, Mr. Basir Shamsie; CEO JS Global, Mr. Kamran Nasir along with other esteemed dignitaries, heads of banking & non-banking financial institutions including brokerage houses, insurance companies and other financial services as well as media personnel. JS MOMENTUM FACTOR ETF is Pakistan’s first Smart Beta Exchange Traded Fund which follows a Factor Investing approach that tilt exposure towards ‘factors’ in a rules-based portfolio-building process that systematically selects, weights, and rebalances portfolio holdings based on factors or characteristics versus a market capitalization approach.