Home » Economy » Moroccan UCITS Asset Management: Strong Growth and Fund Performance

Moroccan UCITS Asset Management: Strong Growth and Fund Performance

by Alexandra Hartman Editor-in-Chief

2023-11-04 09:11:27

The net assets under management of undertakings for collective investment in transferable securities (UCITS) stood at nearly 573.04 billion dirhams (billion dirhams) as of October 27, up 14.4% year-on-year, according to the Moroccan Capital Market Authority (AMMC).

Short-term bond UCITS (OCT) and equity UCITS posted the best annual variations with +91.78% and +14.69% respectively, while contractual UCITS recorded the largest decline (-23.16%). , according to weekly statistics from the AMMC, as of October 27, 2023.

In monthly variation, OPCVM OCTs experienced the best evolution, i.e. +25.84%.

The number of active UCITS reached 573 funds during the same period.

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