Meezan Pakistan Exchange Traded Fund - Al Meezan Investment Management Limited
Al Meezan Investments

Meezan Pakistan Exchange Traded Fund

Meezan Pakistan Exchange Traded Fund is Pakistan’s first Shariah Compliant ETF.

Investment Objective & Philosophy

Meezan Pakistan Exchange Traded Fund is a Shariah Compliant Exchange Traded Fund that aims to provide investors an opportunity to track the performance of Meezan Pakistan Index that has been constituted and is maintained by the Management Company, and comprises of Shariah compliant equity securities selected with high consideration towards market capitalization and traded Value.

The Index will constitute of selected liquid stocks in accordance with KMI-30 index, which will be derived through a security selection criteria, in order to achieve the investment objective. The fund manager shall monitor the performance of the Fund and the benchmark index on a continuous basis.

Benefits of ETF

  • Lower fee structure
  • Access to a diversified portfolio of securities
  • Trades like a stock. ETF can be bought or sold on the exchange at any time during market hours
  • Transparency of holdings

Why Meezan Pakistan ETF?

  • Diversified portfolio of Shariah compliant securities
  • Can easily be traded on the stock exchange any time during market hours, hence can benefit from intra-day movements
  • Professional and experienced fund management by the largest Islamic asset management company in the private sector in Pakistan

Product Suitable for Investors:

  • Who have the ability to take the risks associated with financial market investments

Risk Profile/Risk of Principal Erosion

High

Note: High Risk means Risk of Principal Erosion is High

2020-10-22 02:35:52
i NAV
10.61
Day End NAV
As on 21st October 2020
10.6009
Access to diversified portfolio of securities
Access to diversified portfolio of securities
Lower Fees
Lower Fees
ETFs can be transacted on the exchange at current market price throughout the day
ETFs can be transacted on the exchange at current market price throughout the day

Fund Details

Fund Name Meezan Pakistan Exchange Traded Fund (MP-ETF)
Ticker MZNP-ETF
Asset Manager Al Meezan Investment Management Limited
Nature of Product Exchange Traded Fund
Fund Category Islamic Equity
Benchmark Meezan Pakistan Index (MZNPI)
Launch Date October 6, 2020
Management Fee 0.50% p.a. of the net assets of the fund calculated on a daily basis
Expense Ratio As per the regulatory limit of 2.50% allowed by SECP
Rebalancing At least once semi-annually
Reconstitution Semi-annual
Constituents of the Benchmark Index (Effective date of index composition: September 1, 2020)
  • LUCK
  • PPL
  • DGKC
  • MLCF
  • OGDC
  • PSO
  • SEARL
  • SNGP
  • ENGRO
  • HASCOL
  • EFERT
  • POL
Lot Size Five Hundred ETF Shares (in secondary market)
Cut off Time As per PSX market hours
Dealing Days As per PSX

Fund Documents

Term sheet Click Here

Trust Deed Click Here

Offering Document Click Here