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SECP creating conducive ecosystem for Exchange Traded Funds (ETFs)

The SECP Chairman Aamir Khan said that the SECP is geared towards creating an investment-friendly ecosystem for Exchange Traded Funds (ETFs), through the use of technology for enhancing the market depth, liquidity and outreach, with particular emphasis on increasing the number of investors in our capital markets.

Khan was addressing a webinar on “ETFs- an Attractive Avenue of Investment”, organized by SECP for TREC holders/ brokerage and institutional investors to create awareness and education on Exchange Traded Funds (ETFs).

The SECP’s head of Specialized Companies Division, Ms Khalida Habib gave a comprehensive presentation on ETFs mechanism, including details of products, benefits to investors and answering the participants’ queries.

The webinar includes penal discussion and the panellists include Managing Director, Pakistan Stock Exchange (PSX) Farrukh Khan, Naseem Baig, Vice Chairman/Director- MCb-Arif Habib Savings and Investments Ltd, Ms Iffat Mankani, CEO JS Investments Limited, and Nabeel Malik, CEO Alfalah GHP Investment Management Limited.

The panellists emphasized the need to invest in ETF by institutional investors which are growing rapidly internationally. They further said that brokers shall come forward and encash this new source of income as a market-maker. ETF is an opportunity, which reduces investors’ costs substantially, and reduces related risks.

After the well-attended webinar, SECP officials addressed various queries to the satisfaction of participants for Exchange Traded Funds (ETFs). Participants appreciated SECP’s efforts of public engagement and called for continuing such initiatives of public and stakeholder awareness.

Nasir Taimoori

Nasir Taimoori is a freelance journalist working for different digital publications. He writes on various social, national and international issues. He also has an interest in translation.

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