Risk Disclaimer: All Investments in Exchange Traded Fund are subject to market risks. The NAV of Units may go down or up based on the market conditions. Past performance is not necessarily indicative of the future results. The investors are advised in their own interest to carefully read the contents of the Offering Document, in particular the Investment Policies mentioned in Clause 2, Risk Factors mentioned in clause 2.8, Taxation Policies mentioned in Clause 7 and Warnings in Clause 9 before making any investment decision. The Fund is not sponsored, endorsed, sold or marketed by Pakistan Stock Exchange, its affiliates or third-party suppliers.




High Risk

The fund is suitable for investors with High Risk appetite

Investment Objective

Alfalah Consumer Index Exchange Traded Fund (ACIETF) is an open-ended scheme that is traded on the Pakistan Stock Exchange and shall aim to track the performance of the Benchmark index. The index shall be periodically re-balanced & reconstituted as specified in this document in order to provide long-term capital appreciation and dividends yield to the investors.

The Index strategy would be consumer-focused and would comprise a maximum of 20 stocks. The ETFs focus on sectors that are direct beneficiaries of growing consumer demand in the country which is anticipated to strengthen further in wake of economic recovery, low-interest-rate environment & various packages announced by the Government, etc. Pakistan’s GDP growth has always been driven by strong local demand due to very favorable demographics where a young and robust population takes the driving seat on the consumption side. The ETF therefore will provide a concentrated avenue to investors that are planning to play the consumer demand story of the country.

Security Selection.

• Top companies among pre-defined sectors that have the highest free float-based market cap in the sector on index rebalancing and/or Addition/deletion dates i.e. 30th June and 31st December of each year.

• Stocks with a 1-year daily average trading volume of 100,000 shares or above.

Determination of weight

• Based on free float Market Capitalization, the Maximum weight of a single stock in the index will be 10%. Index weight in excess of 10% of any single stock shall be distributed to the remaining stocks based on their respective weight in the index and subject to the maximum limit.

• Weights adjusted for fractional shares after rounding off will result in the cash component in addition to 1% allocated on the onset.

Fund Details

  • Category
  • Open End-Exchange Traded Fund
  • Fund Type
  • Open Ended
  • Benchmark
  • Alfalah Consumer Index
  • Launch Date
  • 17 January, 2021
  • Pricing
  • Backward Pricing
  • Sales Load
  • Up to 0.5%
  • Risk Profile
  • High
  • Management Fee
  • 0.50%
  • Expense Ratio
  • As per allowed Regulatory limit of 2.5%
  • Minimum Investment
  • No Minimum Investment Limit
  • Trustee
  • Central Depository Company of Pakistan Limited (CDC)
  • Auditor
  • A. F. Ferguson & Co.
  • Listing
  • Monday to Friday (As per PSX Dealing Days)
  • Cut-off Time
  • As per PSX Market Hours

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