Afore XXI Banorte's new CIO revealed the firm's approach to manager selection and monitoring, and noted the key role active funds will play in building out its international investment strategy.

"We will have a local expert helping us make better investment decisions and adding alpha to our clients' portfolios," said SURA's Andrés Moreno.

The Amafore's Alvaro Melendez predicted an uptick in allocations to active funds while emphasizing need to increase cap on international investments.

A government proposal would limit movements between non-adjacent multifunds, while Congress will also examine the role of unregulated advisors.

"We are pleased to establish a local base in Brazil from which to engage directly with investors and high-quality managers," said Lexington's Jose Sosa del Valle.