During Second Half: PSX set to roll out ETF facility

Morin said that the launch of the ETF is a part of his plans to increase retail stock investors

ISLAMABAD: The Pakistan Stock Exchange (PSX) is all set to roll out the Exchange-Traded Fund (ETF) facility during the second half of the ongoing year, PSX CEO Richard Morin said on Thursday. Speaking on the sidelines of a ceremony at the PSX trading hall to commemorate the International Women’s Day, Morin said that the launch of the Exchange-Traded Fund is a part of his plans to increase the number of retail stock investors. The derivative product called ETF will allow general investors at the PSX to buy and sell in the same traditional way which has been in place for years, Morin said, adding that  an ETF would represent the value of a basket of listed companies instead of the traditional methodology which allows a stock to symbolise ownership in a single company.  

Published in The Express Tribune, March 10^th, 2018.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.