Global X MSCI Pakistan ETF (PAK)
ARCA ARCA Primary Summary
PAK Chart
Global X MSCI Pakistan ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 125 | $2,861.25 | $2,098.75 | -$762.5 | -26.65% |
Global X MSCI Pakistan ETF (PAK) FAQ
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Global X MSCI Pakistan ETF Profile
| Capital Markets Industry | Financials Sector | - CEO | ARCA Exchange | 37954Y335 CUSIP |
| US Country | - Employees | - Last Dividend | 28 Apr 2020 Last Split | - IPO Date |
Overview
The fund represents a focused investment vehicle targeting the equity market of Pakistan. It dedicates at least 80% of its total assets towards investing in securities that form the constituent elements of its underlying index. This underlying index is specifically constructed to mirror the broader performance dynamics of the Pakistan equity landscape. In addition to investing directly in the securities of the underlying index, the fund casts a wider net by incorporating investments in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), which are based on the securities present within the underlying index. This strategic approach facilitates broader exposure to the Pakistani equities through instruments that are accessible in global markets. Despite its broad market coverage, it's noteworthy that the fund adopts a non-diversified stance, concentrating its resources and risks in the specific equity universe of Pakistan.
Products and Services
- Investment in Securities of the Underlying Index
This constitutes the core investment strategy of the fund, wherein a significant portion of its assets, specifically at least 80%, is allocated towards securities that are part of the designated underlying index. This index encapsulates a broad spectrum of the Pakistani equity market, aiming to represent its overall performance accurately. This direct investment in the securities is foundational to achieving the fund’s objective of mirroring the market dynamics of Pakistani equities.
- American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) Investment
Expanding its reach beyond direct securities, the fund also ventures into the territory of ADRs and GDRs. These instruments are pivotal for investors looking to gain exposure to foreign equities without the complexities of cross-border and multi-currency transactions. ADRs and GDRs, associated with the securities of the underlying index, enable the fund to partake in the performance of Pakistani companies through globally recognized and traded receipts. This strategy not only diversifies the investment approach but also enhances accessibility and flexibility for global investors seeking exposure to Pakistan's equity market.
