The net assets under management of undertakings for collective investment in transferable securities (UCITS) stood at 555.84 billion dirhams (MMDH) at the end of last July, down 6.25% compared to the end of December 2021, according to the Association of Moroccan Management Companies and Investment Funds (ASFIM).
Compared to the end of last June, the net assets under management of UCITS fell by 2.29%, indicates ASFIM in its monthly newsletter for July 2022.
This drop is explained, according to the same source, by the net outflow of nearly 14 billion dirhams which concerned OMLT (Medium and Long Term Obligation) UCITS.
OCT UCITS (Short Term Obligation) posted the highest monthly performance with +0.18%, while Equity UCITS recorded the lowest performance with -0.02%.
Regarding annual performance at the end of July 2022, OCT UCITS had the highest performance with +0.92% and Equity UCITS the weakest with -8.86%.
In addition, ASFIM reports that the number of active UCITS has increased to 548, with the launch of a new fund (UCITS OMLT) managed by AFG Asset Management.