February 07, 2023

PSX holds gong ceremony to formally launch HBL Total Treasury ETF

Pakistan Stock Exchnage (PSX) held a gong ceremony at the Exchange to formally mark the launch of the innovative Exchange Traded Fund (ETF) namely the HBL Total Treasury Exchange Traded Fund. This ETF, seventh to be launched on PSX, is a first of its kind as it consists of a blend of Government Debt Securities as the underlying asset class. The elaborate gong ceremony was attended by the Chairperson of the PSX Board, Dr. Shamshad Akhtar; MD & CEO PSX, Mr. Farrukh H. Khan; President & CEO HBL, Mr. Muhammad Aurangzeb; Chairman of the Board HBL Asset Management Limited, Mr. Shahid Ghaffar; CEO HBL Asset Management Limited, Mir Adil Rashid; Treasurer HBL, Mr. Risha Mohyeddin, and senior management of the three organisations including several directors of HBL Asset Management Limited. Also present were CEO Central Depository Company Limited, Mr. Badiuddin Akber and CEO National Clearing Company of Pakistan Limited, Mr. Muhammad Lukman, among others. HBL Total Treasury ETF provides for an ideal investment option for investors whereby it is a one-stop solution for investors seeking to gain from fixed income securities through a single window; by purchasing a single unit of HBL Total Treasury ETF, investors are investing in a gainful blend of cash & cash equivalent, T-Bills and Pakistan Investment Bonds. This ETF was officially launched on PSX in September 2022.​