Overview of Mutual Fund Performance
Recent analysis of mutual fund categories indicates a diverse range of asset movements. Medium and long-term bond funds (OMLT) experienced a modest increase, with total assets rising to 361.38 billion dirhams, reflecting a weekly growth of 0.53%.
Similarly, money market funds have shown positive momentum, with assets climbing to 115.18 billion dirhams. This marks an impressive increase of 8.56% compared to the previous week's figure of 106.1 billion dirhams.
Declines in Equity and Diversified Funds
In contrast, equity funds have faced a downturn, with assets decreasing from 81.3 billion dirhams to 78.74 billion dirhams, representing a weekly decline of 3.14%. Diversified funds also saw a reduction, with total assets falling by 1.39% to 105.6 billion dirhams.
Positive Trends in Short-Term Bond Funds
On a more positive note, short-term bond funds (OCT) reported a slight uptick in assets, increasing from 127.69 billion dirhams to 128.63 billion dirhams, which corresponds to a weekly rise of 0.74%.
