Moroccan Mutual Funds See Assets Dip to 843.7 Billion Dirhams in Early September

Morocco's mutual fund industry recorded a modest contraction in the opening week of September 2026, with total net assets across all OPCVM categories settling at 843.7 billion dirhams as of September 4. This represents a slight weekly decline of 0.2% from the previous week's figures.

Bond Funds Maintain Leadership Despite Outflows

Medium and long-term bond funds (OMLT) continue to dominate the Moroccan asset management landscape, though their assets under management slipped to 357.06 billion dirhams from 359.18 billion dirhams the prior week. Despite this minor retrenchment, these funds remain the largest category in the market, reflecting their continued appeal among conservative investors seeking stable returns.

Money Market Funds Attract Fresh Capital

In contrast to the broader market trend, money market funds demonstrated resilience by attracting new inflows. These funds saw their net assets climb to 141.76 billion dirhams, up from 137.30 billion dirhams in the previous week, suggesting investors are parking cash in liquid instruments amid market uncertainty.

Short-Term Bond Funds Face Heaviest Redemptions

Short-term bond funds (OCT) experienced the most significant pullback among all categories. Assets in this segment contracted to 140.79 billion dirhams from 144.45 billion dirhams week-over-week, marking the sharpest percentage decline across the OPCVM universe.

Equity and Diversified Funds Edge Lower

Equity-focused OPCVM also registered modest outflows, with total assets declining to 78.30 billion dirhams from 78.73 billion dirhams previously. Similarly, diversified funds saw a marginal reduction in assets under management, dropping to 113.08 billion dirhams compared to 113.37 billion dirhams in the preceding week.

The overall market dynamics suggest a cautious repositioning by investors, with a flight to liquidity evident in money market fund inflows while other categories experienced selective redemptions.