The Moroccan finance circuit : the very simple version (well, almost)
how money flows around OPCVM funds
hover an actor to follow its flows, click to explore its page
The diagram links market players through their flows:
- money (fund subscriptions)
- dividends or capital gains
- manage (for fees)
- safekeeps the assets
- oversees the management company
- invests
- measure the market
- listing
- dividends / coupons
- regulates and protects
- settlement and delivery
- financial stability
- federates the SDGs
Investorsretail and institutional: they put their money into the funds
OPCVM fundsa box that pools money to investCasablanca Stock Exchangewhere funds buy and sell securitiesIndicesshow whether the market is up or downAsset managersthe SDG firms run the funds, for management feesCustodiansafekeeps the fund's assets and oversees the SDGIssuerscompanies and the State, issuing stocks and bondsAMMCthe regulator: supervises and protectsASFIMthe asset managers' associationMaroclearcentral securities depository: settlement and deliveryBank Al-Maghribcentral bank: watches over financial stabilitySavers invest
Retail and institutional investors put their money into OPCVM funds.
Funds put it to work
On the Casablanca Stock Exchange, in companies and the State.
Institutions secure it
AMMC, Bank Al-Maghrib and Maroclear watch over and secure the circuit.
