Compulsory contributions for these workers will not come into force until 2015. The legal change could inject significant resources into pension funds, particularly through monthly flows.
Archives for February 2012
Afore Banamex selects three managers specializing in international equity
February 21, 2012 by
JP Morgan, BlackRock and Schroder are chosen to manage part of the Afore’s portfolio in global equities.
Sura Group in Mexico moves toward open architecture
February 16, 2012 by
In a first step, an agreement was signed with Meridian Funds (MFS) to use them as underlying asset for investments by mutual funds in global equities in Mexico.
BTG Pactual finalizes Celfin Capital deal
February 10, 2012 by
The Sao Paulo-based bank said that the deal will create the leading investment bank in Latin America.
IM Trust strengthens institutional focus with Allianz
February 6, 2012 by
Since the start of the year, IM Trust has been distributing Allianz’s funds in Chile, Peru and Colombia.
Foreign managers do not fear competition from local mutual funds
February 1, 2012 by
The Pensions Superintendency established procedures for accounting for shares which allow AFPs to use local mutual funds to invest offshore.
BNY Mellon hires Latin American expert from BlackRock
February 1, 2012 by
Has named Yolanda Plaza-Charres to a newly created position as sales director for Latin America. The appointment comes on the heels of the opening last week of BNY Mellon’s first wealth management office in the Cayman Islands.
