KARACHI: A new and innovative Exchange Traded Fund has been launched at the Pakistan Stock Exchange (PSX), the HBL Total Treasury Exchange Traded Fund, a statement said on Tuesday.
This ETF, seventh to be launched at the PSX, is a first of its kind, as it consists of a blend of government debt securities as the underlying asset class.
This security is structured in the ETF form for investors to easily invest in a diversified pool of fixed income government debt securities.
The Pakistan Stock Exchange (PSX) held a gong ceremony to formally mark the launch of HBL Total Treasury ETF.
The elaborate gong ceremony was attended by the PSX Board Chairperson Dr Shamshad Akhtar, PSX Managing Director and Chief Executive Officer (CEO) Farrukh H Khan; HBL President And CEO Muhammad Aurangzeb; chairman of the Board, HBL Asset Management Limited, Shahid Ghaffar; HBL Asset Management Limited CEO Mir Adil Rashid; HBL Treasurer Risha Mohyeddin and senior management of the three organisations, including several directors of HBL Asset Management Limited. Also present were Central Depository Company Limited CEO Badiuddin Akber and National Clearing Company of Pakistan Limited CEO Muhammad Luqman, among others.
Investors can now participate in a wide range of fixed income government debt instruments with just one trade through their brokers on the exchange’s ready counter thanks to the introduction of the first-ever ETF of its kind. As a result, buying government securities is now as easy as buying shares on PSX,” he said.
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