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Stocks Market
Moroccan Mutual Funds See Weekly Decline: Assets Under Management Drop to 8.3 Billion Dirhams
Moroccan mutual funds experienced a modest decline in assets under management during the week ending May 4, 2026. Total net assets stood at 830.8 billion dirhams, representing a 1.87% decrease from the previous week. While long-term bond funds maintained their dominant position, money market funds showed the steepest decline at 7.2%, followed by short-term bond funds which dropped 2.3%.
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Moroccan Mutual Funds Navigate Downward Trend as May Begins
The Moroccan mutual fund sector opened May 2026 with a broad-based decline, as total assets under management contracted by 1.87% week-over-week to reach 830.8 billion dirhams, according to the latest data from ASFIM (Direction des Affaires Financières et de la Marché).
Key Performance by Fund Category
- Long-Term Bond Funds (OMLT): Maintained dominant position with nearly stable assets at 364.3 billion dirhams
- Short-Term Bond Funds (OCT): Declined 2.3% to 141.6 billion dirhams from 144.9 billion
- Money Market Funds: Experienced significant drop of 7.2% to 123.8 billion dirhams
- Diversified Funds: Slight decrease to 111.3 billion dirhams
- Equity Funds: Fell 1.2% to 77.33 billion dirhams
The most pronounced movement was observed in money market funds, which suffered their steepest decline in recent weeks. This could indicate shifting investor sentiment toward longer-term instruments or potential liquidity concerns in the short-term market segment.
Long-term bond funds continued to dominate the mutual fund landscape, demonstrating resilience amid broader market adjustments. The relatively stable performance of these funds suggests continued investor confidence in fixed-income securities with extended maturities.