While Fóndika currently distributes the local and international funds of 10 managers, CEO Juan Carlos Pelayo noted that new regulations will allow the platform to commercialize any publicly offered Mexican funds it finds interesting.
CNBV works with AMIB to roll out fund platforms
June 18, 2015 by
The CNBV's Eduardo Flores Herrera, who is responsible for supervising the creation of an open architecture framework and the financial institutions involved, said the new system would be up and running by December 2016.
Santander Mexico seeks to profit from investor focus on value-added offerings
June 11, 2015 by
Santander Asset Management believes that new mutual fund regulations being drawn up in Mexico will help convert what is now a commodity-based industry to one that rewards managers and distributors that add value.
Santander’s newfound independence broadens its horizons
May 5, 2015 by
"We can also grow outside Santander group," says Jesús Mendoza, CEO of Santander Asset Management Mexico. How? We will go after the world’s large institutional funds: sit down with the 'Abu Dhabis' and sell them Mexico, with the Norwegians and sell them Mexico, with the Chinese and sell Latam and Mexico."
Banorte-Ixe: Open architecture a laudable but challenging goal
April 17, 2015 by
"The principle that anyone can distribute any fund is laudable," but there must also be clear ground rules, a communication platform between fund managers and distributors, and and effort to improve financial literacy of clients, says Alejandro Aguilar Ceballos, CEO of Operadora de Fondos Banorte-Ixe.
Two sides to open architecture debate in Mexico: those who want it and those who don’t
April 9, 2015 by
The director of Allianz Fondika said the financial reform will be a watershed in the history of Mexico, since it will "crack open the oligopolistic control of the market" and allow for additional providers and better products to compete.
Banorte-Ixe taps global firms to lead expansion of international fund line
April 1, 2015 by
Banorte-IXE is partnering with Blackrock, Franklin Templeton and BNP to further its goal of boosting the share of its international lineup to 5% of total AUM.
Investors plowed USD 500 million into Banamex’s line of international funds in 2014
March 19, 2015 by
Sergio Covarrubias, director of mutual funds at Grupo Financiero Banamex, spoke to Fund Pro about future plans for the international fund family, which already includes relationships with Franklin Templeton, BNP Paribas, BlackRock, and others.
Afore Sura makes play for voluntary savings
February 26, 2015 by
Encouraged by a 52% AUM increase in 2014, Afore Sura launched two new voluntary-investment vehicles with the aim of attracting MXP 1 billion in voluntary savings in 2015.
Mexican Finance Ministry goes all in on open architecture for mutual funds
January 29, 2015 by
The Finance Ministry unveiled an open-architecture scheme that would prevent mutual fund managers from working exclusively with only one mutual fund distribution company or entity (usually the bank that owns them), and ensure that any distributor willing to offer a manager's fund should be allowed to do so.
