JS Global Banking Sector Exchange Traded Fund (JSGB-ETF)
JS Global is the first brokerage firm to be awarded a mandate by SECP to establish the first ever ETF under SECP’s sandbox laws, allowing easy access to allocation in a diversified banking portfolio.
The JS Global Banking Sector Exchange Traded Fund aims to track the performance of Commercial Banking Sector by following PSX’s BKTI Index, where the weights of index constituents are equally weighted and it will be a total return index.
(Market Symbol: JSGBETF)
With each unit of JSGB-ETF, you can track:
performance of 8 commercial banks using PSX’s BKTI index as a benchmark.
The fund is a tradable security and investors can easily buy and sell on the stock exchange, just like any other stock.
Benefits of JSGB-ETF
- Constituents of the fund are transparent and public information
- It has a lower expense ratio relative to equity mutual funds[AS1]
- Easy access to allocation in diversified banking portfolio
- The indicative NAV (iNAV) is updated every fifteen seconds