Following the slight rally of the Stock Markert, which came in response to the announcement of the oil and gas finds, the mutual funds market is beginning to recover too. After a long series of falls -at the level of performance as well as the managed volume-, the market has finally regained a part of its losses, accumulating since the beginning of the year.
Thus, the monthly performance of the Stock Mutual Funds was set at 8.29 percent on 25 August 2000, with an annual performance of -5.44 percent.
As for the Diversified Funds, the yearly performance reached -2.68 percent after a series of low returns in the last month.
The debenture funds, on the other hand, continue on their slight evolution. The yearly performance is currently in the region of 0.60 percent, which reflects the attractiveness of this category. The latter had made a performance of about 18 percent in the previous year.
At the level of managed assets, the overall volume is still declining, compared with last year. Up to the end of August 2000, the overall volume of net assets was valued at some DH 42 billion, i.e. a rise of 3.42 percent compared to end of July, but a fall of 7.94 percent compared to December 1999.
However, it is worth noting that stocks begin to attract investors. This is indicated by the decline of buy-outs in the last month, together with a sustained recovery of subscriptions. – (Finances News)
