In 2021, the assets of Tunisian funds momentarily crossed the threshold of 5 billion dinars for the first time since 2011. This improvement comes after consecutive declines in 2017, 2018 and 2019.
The size of the assets of all 115 investment funds of the financial center of Tunis increased from (+ 2.8%) to 4.8 billion dinars (about 1.7 billion dollars) in 2021, underlines the company Tera Finances, specialist in stock market and financial investment, in a report published on January 9, on the 2021 balance sheet of UCITS (collective investment undertakings in transferable securities).
However, for the first time since 2011, these assets had crossed the 5 billion dinar mark during the months from May to November 2021 before falling to 326.5 million dinars, down -6.4% in December 2021.
“The growth in asset size is mainly attributed to bond funds which represented 86.8% of all investment funds in 2021,” the document said.
This improvement comes after three successive years of decline (2017-2018-2019) in the size of the assets of Tunisian investment funds. In 2020, a first increase was noted (+ 27.4% to 4.6 billion dinars) and then in 2021 (+ 2.8% to 4.8 billion dinars), but the historical record dates back to 2011, year during which these assets reached 5.24 billion dinars.
According to the document, the increase in assets of Tunisian funds between December 2020 and December 2021 comes from a positive collection of 362.4 million dinars from 14 management structures. Mac SA was the management company which increased its assets the most with an increase of 204.8 million dinars, or + 67.6%.
Overall, the performance of Tunisian investment funds was positive in 2021. Tunisia’s 45 bond funds achieved a positive return.