Fund managers in Morocco are taking advantage of relative market stability to launch a slew of new products at the start of the year. Mena FM can reveal that some of the market’s biggest players are preparing new fund offerings, to be launched during the first quarter of 2012.

The MAR30bn ($3.5bn) BCME Capital Gestion will launch a new fixed income product, and another structured product at the start of the year. Meanwhile, the MAR9bn CFC Gestion is adding to its 20-strong fund portfolio by launching two new equities funds at the end of January, and MAR18bn Upline Capital Management is set to launch a new capital guaranteed product in the first quarter of 2012. Of Upline’s AUM, 95% is currently in fixed income, although it also follows long equity.

Morocco has been relatively sheltered from North Africa’s economic instability, recording a 2011 YTD performance of -18.75% on the MSCI GCC and Arabian index, against the Arabian markets (ex-Saudi Arabia) performance of -22.60%.