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 Al Meezan, and comprises Shariah-compliant equity securities selected with high consideration towards market capitalization and traded Value.
|Day End NAV|
|as on 7th December 2023|
The Fund shall invest in a particular basket of shariah compliant securities with a view to track the performance of a representative shariah compliant securities index.
The AMC shall use a replication indexing strategy. “Replication” is an indexing strategy in which a fund invests in substantially all of the securities in its underlying benchmark index in approximately the same proportions as in the underlying benchmark index. The AMC shall ensure that at all times, at least 85% of the Assets of the ETF remain invested in the component securities of the Benchmark Index being tracked by it, while the remaining assets may comprise of cash or cash equivalents.
Constituents of the Benchmark Index (Effective date of index composition: December 31, 2020):