The behind-the-scenes of investment: two markets, two roles

🔹 1. The primary market: the starting point

companies or the state issue new securities for the first time

When a company sells its shares to the public for the first time during an initial public offering (IPO), it is on the primary market.

You directly help the company finance its projects.

New stocks, new bonds, newly created mutual funds.

🔹 2. The secondary market: the place of exchanges

the already issued securities are bought and sold among investors

Behind the scenes of investment: two markets, two roles

You buy a stock that someone else wants to sell. The money goes to the previous owner, not to the company.

whenever you want (depending on liquidity).

This is what makes investment "alive" and flexible.

Listed stocks, listed bonds, shares of mutual funds available for resale.

Secondary market = exchanges between investors.

Two Markets, Two Roles

🎯 Understanding IPOs – Initial Public Offering

🔹 What is an Initial Public Offering (IPO)?

(or "initial public offering") is when a company

sells its shares to the public for the first time

to grow, develop projects, or gain recognition.

More money, more visibility, more credibility.

you can buy shares from the start and take advantage of their growth potential.

(all the information about the company, the risks, the offer...)

She works with professionals (banks, brokerage firms).

📝 Before subscribing: what you need to know

Prepare your money: it needs to be deposited.

: everyone receives a little according to what they asked for.

Each person receives 1 share in turn until exhausted.

: sometimes, professionals receive more based on criteria (e.g.: privileged Moroccan funds).

dividends 💰, vote 🗳️, information 📰.

resell your shares on the secondary market

🎯 Understand IPOs - Initial Public Offering

1. Before investing: Ask yourself 3 questions

What is my goal (saving, buying a house, preparing for retirement)?

2. What can be purchased on the capital market?

Sometimes you receive dividends (small cash bonuses).

You have your say (vote at the general meeting).

Those who aim for the long term and accept that it goes up and down.

Those who prefer regular income and few surprises.

invest in a basket of stocks and bonds managed by professionals.

Managed by experts (less stress for you).

You invest in many companies at once = diversification!

Beginners, or those who want to invest without managing everything themselves.

Open a securities account and complete all the necessary checks to start investing safely.

Place an order (buy or sell) directly on the app.

For beginners: start with a moderate risk profile, which is easier to manage and better suited for learning with confidence.

4. After investing: Keep an eye on your money

Stay informed regularly about the companies you have invested in to keep up to date and make better decisions.

Don't forget, the best investors are often those who know how to stay calm and control their emotions.

5. Important things to remember 🧠 📌

It’s the money you can receive from your investment (dividends, interest, capital gains).

But beware: a good return is never guaranteed!

The more you hope to gain, the more you must accept the risk of losing.

3. More risk = More potential gain… or more losses

Stocks can yield a lot, but they fluctuate a lot (volatility).

Mutual funds help reduce risk because your money is spread out (diversified).

By investing early, your money has more time to "work."

In the long run, even the market's ups and downs balance out.

Don't put all your eggs in one basket or one type of investment.

Mixing stocks, bonds, and mutual funds helps to limit losses.

Read the available documents: fact sheets, prospectuses, financial reports.

Use the sites of the AMMC or the issuing companies.

The ABCs of Investing 💼✨

Your money is pooled with that of other people and then invested in some

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

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

: stable, ideal if you want to limit risks.

very short investments, low risk, low returns.

: predetermined objectives (for example: to guarantee your capital).

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

(each year, a maximum of 2% excluding tax of the net assets).

Mutal Funds or OPCVMs

Documents of Information to Know Before Investing

Information Documents to Know Before Investing

→ Provided for a specific operation (e.g.: initial public offering). 🗂️

Information Documents to Know Before Investing: Prospectus, information note, notice, TCN file.

→ Data provided regularly (every quarter, semester, or year).📅

Annual report, semi-annual report, quarterly indicators.

occurs. ⚠️ Examples: change in management, merger, earnings alert, etc.

Everything about the company and the operation.

Indicates the risks, objectives, key figures.

Used for public offerings (purchase, sale, withdrawal…).

Details the objective and the conditions of the offer.

Contains the financial situation of the issuer.

Before buying a share of a fund, look at:

📍 All this information will be available and easily accessible to our users, directly from our platform.

Key Documents to Review Before Investing

(you receive money if the company has made a profit)

🟢 1. Automatic Corporate Actions (by default):

🟡 2. Corporate Actions with Choices (optional):

Deciding to buy new shares with your rights

You receive money for each share you own. 💡 Be careful with the

You must have purchased the stock before this day to receive the dividend.

The company wants more money → it issues new shares.

day when the right is separated from the title.

day when you receive your money or your new securities.

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News

Two Markets, Two Roles

🎯 Understand IPOs - Initial Public Offering

The ABCs of Investing 💼✨

Mutal Funds or OPCVMs

Key Documents to Review Before Investing

Corporate Actions