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Stocks Market
Moroccan UCITS Assets Drop 2.3% to MAD 820.19 Billion in Late September
Morocco's collective investment scheme market experienced a notable contraction in late September 2026, with total assets under management declining by MAD 19.31 billion week-over-week. The downturn was primarily driven by sharp withdrawals from short-term bond funds and money market vehicles, which saw outflows of nearly MAD 14 billion and MAD 7 billion respectively. Despite the overall market weakness, medium and long-term bond funds maintained resilience, posting modest gains during the period.
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Morocco's collective investment vehicle market witnessed a significant weekly decline, with net assets falling to MAD 820.19 billion as of September 25, 2026. This represents a 2.3% contraction from the previous week's figure of MAD 839.5 billion, translating to an outflow of MAD 19.31 billion.
Medium and Long-Term Bond Funds Lead Market
Despite the broader market weakness, medium and long-term bond UCITS (OMLT) retained their position as the largest category in Morocco's investment landscape. These funds saw their net assets edge higher to MAD 354.31 billion from MAD 353.02 billion the previous week, representing a gain of MAD 1.29 billion.
Short-Term Instruments Face Heavy Redemptions
The steepest losses were concentrated in short-term bond UCITS (OCT), which experienced a dramatic plunge from MAD 140.07 billion to MAD 126.20 billion. This MAD 13.87 billion contraction represents approximately a 9.9% weekly decline, signaling significant investor rotation away from shorter-duration fixed income instruments.
Money market UCITS similarly faced redemption pressure, with net assets declining to MAD 141.66 billion from MAD 148.65 billion the prior week. The MAD 6.99 billion outflow constitutes roughly a 4.7% decrease, reflecting investor caution in cash-equivalent positions.
Equity and Diversified Funds Show Modest Strength
Diversified UCITS posted a slight advance, with assets under management rising to MAD 109.43 billion from MAD 108.96 billion, marking an increase of MAD 470 million week-over-week.
Equity UCITS demonstrated resilience as well, with net assets climbing to MAD 73.70 billion from MAD 73.16 billion on September 18. The MAD 540 million uptick represents approximately 0.7% growth, suggesting selective investor appetite for equity exposure despite broader market volatility.
The divergent performance across asset classes highlights a clear shift in investor positioning, with capital flowing away from short-term instruments toward longer-duration bonds and modest inflows into equity-oriented strategies.