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
-
Libya’s Oil Output Reaches Decade High, Moves Closer to Pre-2011 Capacity
18:39
-
Rising Oil Prices Push 29 African Currencies Lower After Middle East Conflict
18:15
-
Morocco More Than Doubles Renewable Capacity in a Decade, Driven by Wind
18:07
-
In Africa, Banks Face a New Rival: Telecom Operators
17:51
-
Cameroon’s LNG Export Earnings Hit Three-Year Low at CFA350 Billion
17:44
-
Cameroonian SMEs invited to India trade forums to explore market opportunities
17:03
-
Ogou 1 adopts formal waste management and sanitation policy
16:19
-
African lawmakers meet in Lomé for APF regional conference
15:54
-
Togo and Burkina Faso Step Up Coordination on Lomé-Ouagadougou Corridor
15:39
-
Togo’s meat self-sufficiency reaches 68% in 2025, led by poultry growth
13:15
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Libya oil output reaches 1.43 million barrels per day Production nears pre-2011 levels as operations stabilize Oil dominates economy,...
Morocco renewable capacity doubles to 4,851 MW by 2025 Wind leads growth; solar expands, hydropower remains stable High energy import...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expand into banking, intensifying competition with...
EACOP pipeline reaches 82% completion ahead of planned 2026 launch Project to transport 216,000 barrels daily from Uganda to Tanzania Legal...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...