Home » Economy » “Moroccan UCITS Market Update: Net Assets Reach 518.6 Billion Dirhams, with Strong Performances in Short-Term Bonds and Money Market”

“Moroccan UCITS Market Update: Net Assets Reach 518.6 Billion Dirhams, with Strong Performances in Short-Term Bonds and Money Market”

2023-05-29 11:43:34

The net assets under management of undertakings for collective investment in transferable securities (UCITS) stood at more than 518.6 billion dirhams (MMDH) as of May 12, up 3.53% year-on-year.

According to weekly statistics from the Moroccan Capital Market Authority (AMMC), OCT UCITS (Short Term Bonds) and money market UCITS posted the best annual variations with +51.34% and +19.12% respectively, while contractual UCITS showed the largest drop (-18.04%).

In monthly variation, CT UCITS remain in first position with a change of +3.37%, unlike contractual UCITS which recorded the strongest decline with -2.75%.

The number of active UCITS reached 567 funds during the same period.

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