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
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