February 07, 2023 (MLN): Pakistan Stock Exchange (PSX) has recently introduced a new and innovative Exchange Traded Fund (ETF) named HBL Total Treasury ETF.
This ETF is the 7th to be launched on the PSX and is a game-changer in the investment sector, as it is the first ETF that consists of a blend of government debt securities as its underlying asset class.
Investors now have the opportunity to invest in a diversified pool of fixed income government debt securities with ease.
The ETF’s underlying assets include cash, Treasury Bills (T-Bills), and Pakistan Investment Bonds (PIBs), and it tracks the HBL Total Treasury Index (HBLTTI).
This ETF is part of PSX and the mutual fund industry’s effort to provide low-cost ETFs for investors to easily invest in different asset classes and investment strategies.
The launch of the HBL Total Treasury ETF comes at a great time as returns on fixed income securities are high.
The CEO of HBL Asset Management Limited, Mir Adil Rashid, stated that the ETF is aimed at providing consistent returns to investors through investments in short, medium and long-term securities issued and/or guaranteed by the government of Pakistan.
In conclusion, the HBL Total Treasury ETF offers a unique investment opportunity for individuals looking to invest in government debt securities.
It provides a convenient and low-cost solution for investing in fixed income securities, and is a step towards providing a wide range of investment products in Pakistan.
