Tunisia

Market revolution

Editor — Sun, 09 Sep 2012 23:00:00 +0000

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By Kathryn Gaw

Article Synopsis:

An eventful 2011 has had a surprising side-effect on Tunisia’s nascent fund market. TunisieValeurs’ Hatem Saighi reveals how the asset manager plans to take advantage of new opportunities in the local market and beyond

The Arab Spring has really left its mark on the Mena fund industry – at first pummeling markets across the Maghreb, before evening out to reveal a wealth of new investment potential in its newly-democratic states. In Tunisia, local asset manager TunisieValeurs plans to capitalise on these new opportunities, targeting international pension fund money and planning a Maghreb-wide expansion in the coming years.

Small steps

Editor — Sun, 24 Jun 2012 23:00:00 +0000

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By Amy Andrew

Article Synopsis:

As Tunisia’s financial market moves towards a new era, financiers admit to holding back on making any bold moves. So what will it take to tempt them to invest?

Just over a year ago, the Arab Spring sparked dramatic change in Tunisia and although this change seems to be heading in a positive direction, market movers are waiting with baited breath to see what the future holds for the country’s financial landscape.

TunisieValeurs reveals Libya, Maghreb expansion plans

Editor — Fri, 25 May 2012 09:39:15 +0000

Article Synopsis:

TunisieValeurs is planning an expansion of its business in Libya, Morocco and Algeria, Mena FM can reveal

TunisieValeurs is planning an expansion of its business in Libya, Morocco and Algeria, Mena FM can reveal.

The $600m firm has already opened its first Moroccan office in Casablanca and hopes to move into Algeria “at a later stage”.

Jordan and Tunisia join EBRD as investments begin

Editor — Tue, 10 Jan 2012 00:00:00 +0000

Article Synopsis:

Jordan and Tunisia have become members of the European Bank for Reconstruction and Development (EBRD) in anticipation of a major investment from the bank

Jordan and Tunisia have become members of the European Bank for Reconstruction and Development (EBRD) in anticipation of a major investment from the bank.

In August, Mena FM revealed the EBRD’s intention to allocate up to €2.5bn ($3.2bn) to funds across the Southern and Eastern Mediterranean region, and it began meeting with fund managers in Tunisia in mid-September. Its aim is to channel value additive equity into the countries, particularly in the SME sector.

Tunisia’s Attijari launches three balanced funds

Editor — Mon, 05 Dec 2011 12:11:11 +0000

Article Synopsis:

Tunisian asset manager Attijari Gestion has launched three balanced funds, in response to newly found confidence in the Tunisian market

Tunisian asset manager Attijari Gestion has launched three balanced funds, in response to newly found confidence in the Tunisian market.

“We felt three types of needs from our clients,” Leila Ben Khemis Belhedi, managing director of Attijari Gestion, told Mena FM. “And we answered those needs by launching three products with different levels of risk-taking.”

Duet relaunches Tunisian brokerage business

Editor — Thu, 13 Oct 2011 07:20:33 +0000

Article Synopsis:

Alternative specialist Duet Asset Management is backing a new Tunisian investment house, Mena FM can reveal

Alternative specialist Duet Asset Management is backing a new Tunisian investment house, Mena FM can reveal.

TSI targets stock equities with double launch

Editor — Wed, 10 Aug 2011 08:09:09 +0000

Article Synopsis:

Tunisian broker Tuniso Saoudienne D’Intermediation SA (TSI) has simultaneously launched two funds, FCP Afek CEA and FCP Al Imteiz.

Tunisian broker Tuniso Saoudienne D’Intermediation SA (TSI) has simultaneously launched two funds, FCP Afek CEA and FCP Al Imteiz. The funds will invest in Tunisian securities with the aim of creating returns greater than the Tunisian Stock Exchange (Tunindex).

FCP Afek CEA is a mutual fund which takes advantage of the decision by Tunisia’s Financial Market Council (CMF) to give tax-free returns on capital gains from Tunisian funds. Afek was created to replace TSI’s individual management of savings accounts.

When the dust settles

Editor — Mon, 25 Jul 2011 07:08:00 +0000

Sub Headline:

By Kathryn Gaw

Article Synopsis:

No part of Mena has felt the disruptive force of Mena’s uprisings more than the Maghreb region, where political crises continue to discourage investment and stall a nascent fund industry. However, even amid the chaos, Morocco and Tunisia are markets worth watching

Investors could be forgiven for overlooking the Maghreb region’s fund industry. Since the beginning of the year, a series of popular revolutions, civil wars and suspended bourse activity have left North Africa’s economies in tatters, and its fund industry adrift.

Tunisian fixed income fund launches with $8m

Editor — Wed, 08 Jun 2011 09:48:11 +0000

Article Synopsis:

Tunisian financial services company Tunisie Valeurs has defied a volatile commercial environment by launching a new fixed income fund.

Tunisian financial services company Tunisie Valeurs has defied a volatile commercial environment by launching a new fixed income fund. Launched with AUM of $8m, the FCP Valeurs CEA Mixtes is a limited-partnership fund which will invest in both stocks and bonds.

Tunisian political crisis hits banks

Editor — Tue, 01 Feb 2011 13:29:40 +0000

Article Synopsis:

Civil unrest leads to rating downgrades across financial sector

Funds invested in Tunisia’s financial sector may face losses after political turmoil led to a mass downgrading of the country’s banks by ratings agencies Standard & Poor’s (S&P) and Moody’s. Tunisia has seen country-wide protests, culminating with the departure of President Ben Ali on 14 January.