KARACHI: Pakistan Stock Exchange on Monday held a gong ceremony to announce the launch of Alfalah Consumer Index Exchange Traded Fund, which marks the listing of the sixth ETF on PSX.
Prominent figures at the ceremony were PSX Managing Director, Farrukh H. Khan, CEO Bank Alfalah Limited Atif Bajwa; CEO Alfalah GHP Investment Management Limited, Nabeel Malik, said PSX release.
PSX’s Managing Director. Farrukh Khan, said ETFs were an innovative product in global capital markets and it was exciting to have the sixth ETF being listed on PSX. Alfalah Consumer Index
ETF was the first consumer focused ETF on PSX and it would track the 13th index on the market, the Alfalah Consumer Index. That was a valuable addition to the ETF sector of the bourse which is sure to attract retail and institutional investors. I congratulate Alfalah Investments on launching this innovative new ETF.
He said today another ETF was added to the exchange.
He emphasisd upon brokers and AMCs to educate and promote ETFs to their customers and investors. Particularly, I would emphasise upon brokers to train their sales teams so they can advise investors about the advantages of investing in an ETF. An investor can get diversified exposure to the stock market by a single trade. This is both cost effective and simple.”
CEO of Bank Alfalah Limited, Atif Bajwa said tt was a pleasure to be here at the launch of the new ETF, the Alfalah Consumer Index ETF, which comes under the Alfalah family. The consumer focused ETF was something that the bank management was very excited about. Bank Alfalah and Alfalah Investments which are part of the Alfalah family will continue to play a pioneering role in bringing new products and innovation in the market.”