July 28, 2020 (MLN): Pakistan Stock Exchange has launched UBL Pakistan Enterprise Exchange Traded Fund (UBLP-ETF), which aims to track the performance of the benchmark index in order to provide long-term capital appreciation and dividend yields to investors.

According to the announcement made by JS Global, the UBLP-ETF will help investors in tracking the performance of top 9 companies with highest free float market capitalization of KSE-100 index (excluding Oil and Gas sector companies).

Some of the benefits of the stock as laid out by JS Global include, transparent constituents as their information is publicly available. Moreover, the authorized participants will be able buy creation units directly from UBL Fund Managers.

The fund also has a lower expense ratio relative to the equity mutual funds.   

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