SECP enhances investment limits for insurance companies to invest in ETFs

MG News | July 15, 2022 at 04:58 PM GMT+05:00

0:00

July 15, 2022: The Securities and Exchange Commission of Pakistan (SECP), to encourage the participation of insurance companies in the Exchange Traded Fund (ETF) market, has allowed insurance companies to invest in open-ended mutual funds including ETFs.

After these new amendments to the Insurance Rules, 2017, the insurance companies have now been allowed to invest 10% of their total investments in any one open-ended mutual fund including units of ETF. If insurance companies choose to invest in a mutual fund and ETF, managed by the same Asset Management Company (AMC) it may invest a maximum of up to 15% of their total investments.

Furthermore, if insurance companies already have investments with an AMC, they may also invest an additional 5% of their total investments in ETFs offered by that AMC.

The insurance companies’ participation in the capital market, as institutional investors, will strengthen Pakistan's capital market. The SRO1011(I)/2022, to effect amendments to the Insurance Rules, 2017 and to notify the admissibility limits for investment in the ETFs, has been placed on SECP’s website.

Press Release

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,864.53 309.70M	0.77% 1289.83
ALLSHR	102,725.13 871.92M	0.54% 553.85
KSE30	51,670.42 144.06M	0.97% 495.07
KMI30	244,230.82 127.19M	0.88% 2126.86
KMIALLSHR	67,141.83 400.81M	0.66% 438.06
BKTi	45,511.25 34.21M	0.74% 335.27
OGTi	33,787.05 15.45M	0.86% 288.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,330.00	93,070.00 89,640.00	-1680.00 -1.83%
BRENT CRUDE	61.22	61.86 60.81	-0.06 -0.10%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.00 1.11%
ROTTERDAM COAL MONTHLY	97.30	97.30 97.30	0.90 0.93%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.53	58.19 57.15	-0.07 -0.12%
SUGAR #11 WORLD	15.10	15.27 14.83	0.25 1.68%