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
Note: High Risk means Risk of Principal Erosion is High
| 2022-11-02 16:58:52 |
| i NAV |
| 8.19 |
Day End NAV As on 22nd March 2023 7.8444 |
Access to diversified portfolio of securities
Lower Fees
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 | MZNPETF | ||||||||||||
| 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 | Up to 0.5% P.a. | ||||||||||||
| 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: December 31, 2020) |
|
||||||||||||
| 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