Pakistan Stock Exchange (PSX) held a gong ceremony to officially mark the launch of JS Momentum Factor Exchange Traded Fund (JSMFETF) on Friday.
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 and non-banking financial institutions including brokerage houses, insurance companies and other financial services & 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 capitalization 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.”