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Overview

  • Atlas Maroc is a French UCITS, investing in shares of companies listed on the Moroccan stock exchange.
  • Management of the fund is delegated to Upline Capital Management, a management company based in Casablanca and subsidiary of Banque Populaire du Maroc.

Share Class

NAV

Cumulative Performance (%)

Fund Inception 5 December 2003

Daily Monthly Ytd 1Yr 3Yr 5Yr Incept. Incept.Date

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.


Strategy & Manager

Funds Strategy

Portfolio management is delegated to Upline Capital Management, a subsidiary of Banque Centrale Populaire, second largest bank in Morocco

Atlas Maroc was launched in 1994 and Alma Capital took it over in 2010

Long only portfolio of 30-40 Moroccan equities


Investment Manager

Upline Capital Management, a subsidiary of Groupe Banque Populaire du Maroc, a leading bank in Morocco.


Statistics & Commentary

Performance

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

Sector Breakdown as a % of AUM

as of 31/10/2018

Top 10 Position Details

as of 31/10/2018
Security name Sector % AUM
Maroc Telecom Telecommunication 10.51
Attijariwafa Bank Financial Companies 10.13
Lafargeholcim Maroc SA Industries 8.14
Banque Centrale Populaire Financial Companies 7.96
BMCE Financial Companies 5.16
Ciments du Maroc Industries 5.01
Brasseries du Maroc Consummer Goods 4.77
Marsa Maroc Industries 4.06
Consumar Consummer Goods 3.99
Label Vie Consummer Service 3.09

Investment Manager's Commentary

as of 31/10/2018

Market Review and Outlook

Le MASI EURO dividendes réinvestis enregistre une performance mensuelle de -2.22%, ramenant ainsi sa performance depuis le début de l’année à -5.42%.
La baisse du marché provient essentiellementde : ATTIJARIWAFA BANK (-7.44%), MAROC TELECOM (-3.09%), LAFARGEHOLCIM (-3.68%), BMCE BANK (-3.42 %) et CIMENTS DU MAROC (-5.16%).
Quant au FCP Atlas Maroc, il affiche une performance mensuelle de -2.28% (YTD: -5.97%).
Les échanges sur le marché central ressortent en baisse par rapport au mois dernier. La moyenne quotidienne se situe à 84 millions MAD.


Facts & Documents

Facts

Fund Domicile: France

Management Fee: 2.33% p.a. for I shares

Fund Type: French Fonds Commun de Placement (FCP)

Fund Launch: 5 December 2003

Base Currency: EUR

Depositary, Administrator, Transfert Agent: BNP Paribas Securities

Cut-off time: D before 12am

Management Company: Alma Capital Investment Management

Investment Manager: Upline Capital Management

Fund Managers: Aniss Boubia

Countries where the fund is registered:
France

Identifiers:

Atlas Maroc
ISIN: FR0010015016   Ticker: ATMARII FP Equity    Launch: 5 Dec 2003

Documents

SICAV ALMA CAPITAL INVESTMENT FUNDS
KIIDS Other sub-funds and other languages
available upon request