The net assets of Undertakings for Collective Investment in Transferable Securities (UCITS) reached 663.3 billion dirhams (MMDH) at the end of November 2024, recording an increase of 18.5% since the start of the year, according to data published by Bank Al-Maghrib (BAM). This progression reflects the positive dynamics of the market, despite a global economic context marked by uncertainties.
The increase in assets varies depending on the type of fund, with notable developments of 6.6% for short-term bond funds and up to 63.4% for contractual UCITS, which show the strongest growth. This diversification highlights investors’ growing interest in specific products offering targeted returns.
Furthermore, subscriptions to UCITS securities saw a slight decline of 5.4% in the third quarter of 2024, to stand at MAD 284 billion. For their part, repurchases decreased by 6.3%, totaling MAD 267.2 billion, which generated a positive net collection of MAD 16.7 billion, an encouraging indicator for the sector.
The performance indices, for their part, recorded progress for all categories of UCITS. Quarterly rates of return stand at 0.8% for money market funds and reach up to 11% for equity UCITS, reflecting solid performance of the financial markets over this period.
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