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Moroccan Mutual Funds Slip Again: Net Assets Fall 1.6% to DH786.5 bn This Week

By the end of January 2026, Moroccan mutual funds (OPCVM) registered a total net asset value of DH 786.52 billion, down 1.58% from the previous week. The decline was led by short‑term bond funds, while medium‑ and long‑term bond, equity, and diversified funds saw modest drops. The data, released by ASFIM, signals a short‑term correction after a brief rally in late‑December, highlighting varied pressure across asset classes.

February 5th, 2026
1 min read
By boursenews.ma

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Date: Thursday, 5 February 2026

Overall Market Snapshot

Net assets under management (NAM) for Moroccan mutual funds stood at DH 786.52 billion at the end of January, a weekly decline of 1.58% according to the latest ASFIM figures. This marks a reversal from the modest uptick recorded the week before.

Breakdown by Fund Category

  • Medium‑ and Long‑Term Bond Funds (OMLT): Assets slipped from DH 361.38 bn to DH 359.67 bn, a 0.47%** weekly drop**, indicating a consolidation phase.
  • Equity Funds: Remained broadly stable but edged lower, falling to DH 78.65 bn from DH 78.74 bn (‑0.11%**).
  • Diversified Funds: Recorded a modest contraction to DH 105.12 bn, down 0.45%** from DH 105.60 bn**.
  • Short‑Term Bond Funds (OCT): Saw the sharpest decline, with assets falling from DH 128.63 bn to DH 125.58 bn, a **2.37%** weekly loss that drove much of the market‑wide pull‑back.

Interpretation

The week’s movements reflect a short‑term adjustment in net assets across most categories, following the earlier bullish momentum. Investors appear to be rotating out of short‑term bond allocations while maintaining a relatively stable stance in equity and diversified products.

Data source: ASFIM

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