The regulatory update had been long awaited by several asset managers, who can now compete on a more level playing field for a market valued at approximately USD 50 billion.
Consar updates Afore investment regime
Afores will be able to invest up to 30% in alternative products. Greater investment in national projects such as energy and infrastructure will be encouraged.
Santander to buy BNP Paribas Mexico asset management business
"Wealth management and insurance is one of the fastest-growing global businesses for the group, and Mexico is one of our main markets," said Victor Matarranz, Santander's global head of wealth management and insurance.
Berenberg makes play for Afore money in “attractive” Mexican market
Berenberg's Matthias Born expects to land an allocation from the Afore industry before September. Its first approved fund invests in small-cap European equity.
BBVA leverages ESG expertise in ETF redesign; plans megatrend-fund launch
BBVA AM is looking to launch a megatrend fund focused on environmental, demographic and technology themes, says CEO Jaime Lazaro.
Consar chief: Afores have plenty of space to invest internationally without modifying law
In a discussion covering Afores’ international investments, Ivan Pliego revealed AUMs captured by active cross-border funds vs. global ETFs.
JP Morgan Asset Management will list its first China ETF in Mexico
Carlos Brito noted JPM's strong commitment to Mexico since the office opened in 2018, with a slew of new offerings and some key hirings.
BNP Paribas Asset Management seeks to increase its presence in Mexico
"Mexico is a key market for BNPP AM,” said Paola Zamora, based in Mexico City and recently appointed Customer Relationship Manager for BNP Paribas Asset Management (BNPP AM).
Morgan Stanley adds to Latin American and US Offshore sales team
Denise Casellas and Jennifer Romero will be responsible for relationship management in Mexico and other markets, focusing on both institutional and intermediary channels.
After eight months waiting, the Afores have a new list of funds to choose from
Amafore’s Alvaro Meléndez shared the changes related to the approval of international mutual funds for the Afores to invest in, as well as an updated list of funds.