SECP holds awareness seminar on ETFs

Commissioner says a number of excellent theme-based ETFs are in pipeline


Our Correspondent January 31, 2021

ISLAMABAD:

Exchange Traded Funds (ETFs) are popular internationally and global market size of ETFs is around $7 trillion - which represents more than 20% of the Global Equity AUMs, said Securities and Exchange Commission of Pakistan (SECP) Commissioner Farrukh Sabzwari.

Speaking at a seminar organised by SECP to increase awareness regarding ETFs, a new investment product, launched recently in Pakistan’s capital market, Sabzwari highlighted that the diversified and low-cost ETFs promise exciting space for investors.

Furthermore, the commissioner revealed that a number of excellent theme-based ETFs were in the pipeline.

ETFs are index tracking funds, which due of their passive investment nature offer lower cost to the investors along with increased flexibility in entry and exit as ETF units can be bought and sold in the stock exchange.

He acknowledged the four AMCs - namely NIT Limited, UBL Fund Managers Limited, Al Meezan Investment Management Limited and NBP Fund Management Limited, who have introduced their respective ETFs at the Pakistan Stock Exchange (PSX).

The session, held in collaboration with PSX and Asset Management Companies was part of a string of webinars planned by the regulator over the coming months, to address the awareness gap in the ETF arena, by engaging all stakeholders.

Published in The Express Tribune, January 31st, 2021.

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