🔹 What is an UCITS?

AUCITS, it is amoney basket managed by professionalsYour money is pooled with that of other people and then invested in somestocksThe UCITSbonds, orshort-term investmentsThe UCITS

➕ You buy a share of the basket → You become a co-investor. 🧠 Managed by experts → No need to be a pro!

📂 The 2 types of UCITS:

• SICAVYou areshareholder(you have a voting right).
• Mutual FundsYou areshareholder(you do not have voting rights).

💡 Over 90% of UCITS in Morocco are mutual funds.

📊 The 5 main categories:

1. Stocks: + risky, but can yield +.
2. Bonds: stable, ideal if you want to limit risks.
3. Monetaryvery short investments, low risk, low returns.
4. Diversified: balanced mix of everything.
5. Contractual: predetermined objectives (for example: to guarantee your capital).

📈 What is the net asset value?

It is theprice of a shareof UCITS. 💡 It changes according to the performance of the investments. 🕐 It is updated at least once a week.

💰 What fees?

1. Subscription fees(when you buy).
2. Redemption fees(when you sell).
3. Management fees(each year, a maximum of 2% excluding tax of the net assets).