UCITS: Increase in net assets under management of 0.91% at the end of September

The net assets under management of undertakings for collective investment in transferable securities (UCITS) recorded an increase of 0.91% at the end of September 2020, from 492.93 billion dirhams (billion dirhams) the previous month, to 497.43 MMDH, indicates the Association of Moroccan Management Companies and Investment Funds (ASFIM).

This increase is explained by the net inflows of more than MAD 4 billion which mainly concerned money market funds, ASFIM informed in its monthly newsletter in September.

At the end of September, OCT UCITS recorded the best monthly performance with + 0.18%, while Equity UCITS had a performance of -0.82%.

Regarding annual performance, OMLT UCITS posted the best performance with + 3.42% while Equity UCITS had the lowest performance with -13.75%, ASFIM notes, adding that the number of UCITS in activity at end of September 2020 is 492.

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