Overview of Mutual Fund Performance
Recent data indicates that the total assets under management in mutual funds have once again crossed the 800 billion dirham mark, reflecting a strong performance across various categories.
Bond Funds Lead the Growth
The Medium and Long-Term Bond Funds (OMLT) have emerged as the primary drivers of this increase, with assets rising from 359.67 billion dirhams to 372.34 billion dirhams. This represents a weekly growth rate of 3.52%.
Short-Term Bond Funds Show Positive Trends
Short-Term Bond Funds (OCT) also experienced a positive trajectory, with assets increasing from 125.58 billion dirhams to 126.46 billion dirhams, marking a weekly rise of 0.70%.
Diversified Funds Maintain Steady Growth
Diversified funds reported modest yet positive growth, with assets climbing to 105.57 billion dirhams from 105.12 billion dirhams, reflecting an increase of 0.43%.
Money Market Funds Achieve Notable Gains
Money Market Funds delivered one of the strongest weekly performances, with assets rising from 108.02 billion dirhams to 114.50 billion dirhams, a significant increase of 6%.
Equity Funds Experience Decline
In contrast, Equity Funds saw a decrease in assets, falling from 78.65 billion dirhams to 77.03 billion dirhams, which translates to a decline of 2.06%.
