The volume of investment fund assets in Tunisia grew 2.8% at end-2021, after 3 years of decline
Tuesday, 11 January 2022 11:22
After 3 consecutive years of decline, the assets of Tunisian funds recorded an increase of 2.7% in 2021, reaching TND4.8 billion (about $1.7 billion). The information was released in a report on the 2021 balance sheet of UCITS -undertakings for collective investment in securities- published on January 9 by investment firm Tera Finances.
The document attributes the improvement to the performance of bond funds, which accounted for 86.8% of all Tunisian funds in 2021. However, before they fell to TND326.5 million in December 2021, the size of these assets reached TND5 billion between May to November 2021, the first time since 2011 when they stood at TND5.24 billion.
Tera Finances indicates that the increase in the assets of Tunisian funds between December 2020 and December 2021 builds on a positive yield of TND362.4 million by 14 management funds. The best performer was Mac SA, which cased TND204.8 million dinars, up 67.6%.
Overall, the performance of Tunisian investment funds has been positive in 2021. And the 45 bond funds also achieved a positive return.
Chamberline Moko
Live News
-
Sassou-N'Guesso Sworn In for New Term in Congo, Pledges to Accelerate Development
21:02
-
Jet Fuel Price Surge Raises Risk of Flight Suspensions in Nigeria
19:28
-
Togo tops 100 bln CFA francs in 2026 borrowing on regional market
19:13
-
Senegal: Dakar Airport Passenger Traffic Up 2.45% in Q1 2026
19:10
-
Central African Republic Eyes Congo Route for Fuel Imports
19:04
-
Lome Container Terminal revamps customer service with one-stop model
20:41
-
Industrial Gas Demand in Douala Collapses as Prices and Supply Strain Clients
20:20
-
Douala Port Turns to PPP to Rebuild Its Regional Trade Hub at Boscam
20:07
-
Cameroon Looks to Formalize Cross-Border Trade With Digital Freight Platform
19:54
-
Cameroon Overhauls Procurement Strategy to Unlock Weigh Station Upgrades
19:49
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Gabon's 7% 2031 Eurobond posted its biggest single-day drop in a year on Wednesday after a new I...
Sassou-N'Guesso sworn in for new five-year presidential term Won 94.8% vote; opposition contests election transparency Pledges reforms amid economic...
Nigerian airlines warn of flight suspensions over soaring jet fuel Kerosene prices jump nearly 300%, far above global increases Supply risks, high...
Dakar airport Q1 passengers rise 2.45% to 735,370 Traffic boosted by AFCON; January busiest month Flights fall 4%, freight up 21.4% Senegal’s...
Central African Republic plans fuel corridor via Congo’s Pointe-Noire Project aims to diversify supply beyond Douala route dependence Structural,...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...