JS Global Banking Sector Exchange Traded Fund (Market Symbol – JSGBETF)

JS Global is humbled to announce the launch of JS Global Banking Sector Exchange Traded Fund (JSGBETF), the first ETF to be launched by a brokerage firm under SECP Sandbox Guidelines.

JSGBETF provides investors highly convenient access to a diversified banking portfolio comprised of leading banks.

JSGBETF tracks the performance of the Commercial Banking Sector by following PSX’s BKTi Index. The index constituents of the ETF are equally weighted and the ETF will be based upon total returns (capital appreciation plus distributions) index.

Download Offering Document

Download Presentation

Download Trust Deed

iNav: 10.00

As On 9 Sep, 2023

Day End Nav: 10.00

As On 9 Sep, 2023

With each unit of JSGBETF, you can track:

Performance of 8 commercial banks using PSX’s BKTI index as a benchmark. The fund is a tradeable security and investors can easily buy and sell units on the stock exchange, just like any other stock.

What is JSGBETF:

A sector ETF that tracks a basket of stocks within a sector.

JS Global Banking Sector Exchange Traded Fund (JSGBETF) is a sector-specific ETF that will track a total-returns based index – JS Global Banking Sector Index (JSGBKTI).

JSGBKTI will be replicating BKTi, keeping weights of all stocks equal on each rebalancing.

JSGBETF currently consists of 8 banking stocks, that represents approximately 70% of the listed banking sector (approximately 80% on free float market cap).

Benefits of JSGBETF

Constituents of the fund are transparent and their financial performance is public information.

ETFs have a lower expense ratio relative to equity mutual funds.

The indicative NAV (iNAV) is updated on real-time basis.

JSGBETF Constituents
Advantages of a sector-specific ETF

Sector ETFs help investing in one industry without buying individual stocks of that sector.

Market Maker facilitates smoother entry and exit compared to individual stocks.

Offers diversified exposure in different companies of a sector with limited funds.

Why banking sector of Pakistan?

Banking sector is currently trading at record-low multiples despite robust profitability.

The banking sector is resilient to ongoing macro reforms.

Strong dividend yields of underlying securities are captured in total return index.

Rising return generation with attractive multiples