XXI Banorte's Juan Manuel Valle Pereña said the Afore's alliance with uLink gives US-based Mexican expats an easy-to-navigate and easy-to-access service to make voluntary retirement contributions from any device or computer.
Vanguard sees cost competition aiding its AUM growth in Mexico
August 30, 2017 by
“In recent years our clients have told us they like Vanguard's low-cost quality offering, but they wanted more presence and a closer relationship with us," said Juan Manuel Hernández, and ex-BlackRock and iShares executive named to head Vanguard's first Mexico City office.
Principal Afore again delays rollout of first global mandate
August 14, 2017 by
Afore Principal CEO, Mariano Ugarte, said the manager would implement its first international mandate in 2018, once "the markets have calmed down," referring to the high level of volatility for the Mexican Peso since the election of Donald J. Trump.
Regulator sees life-cycle funds in Afores’ future
July 31, 2017 by
The Consar is looking to convert the rigid four-fund multifund system into something much more streamlined, which could also permit more foreign investment by the Afores.
Insurers strengthen their role as institutional investors in Mexico
July 17, 2017 by
With 55 billion in technical reserves, insurers are now allowed to invest 10% in government debt, 50% in equities, 5% in private equity funds, 25% in real estate, 20% in structured, 10% in loans and up to 20% in foreign securities listed on the SIC.
Banorte-Ixe AM: investor shift to foreign-currency funds not a passing trend
June 27, 2017 by
Demand for foreign-currency vehicles tripled in 1Q 2017, following depreciation of the peso against the dollar, according to Alejandro Aguilar, investment director of Banorte-Ixe Asset Management.
Afore XXI Banorte works to recapture lost market share
June 12, 2017 by
In just five months, under new CEO Juan Manuel Valle Pereña, Afore XXI Banorte has reversed its declining market share with the implementation of a new client-retention and recovery strategy.
WisdomTree, via Compass Group, promotes global ETF customized for Mexican Afores
June 12, 2017 by
Constructed in line with the Afores investment regime, this new WisdomTree ETF listed on the SIC of the Mexican Stock Exchange is targeted at the USD 11 billion that Mexican pension funds can still invest under the international equity limit.
Credit Suisse offers gamut of third-party onshore and offshore funds to its Mexican clients
June 5, 2017 by
Credit Suisse Mexico's Nicolas Troillet says he finds the local-fund offering lacking in variety and said the private bank will offer clients both onshore and offshore solutions to meet their diversification needs.
Axa-advised ‘global-talent’ fund launches in Mexico
May 1, 2017 by
The multi-sector and multi-currency fund will invest in the equity of small or family businesses around the world, Rogelio Gallegos, director of equity investments at Actinver, told Fund Pro Latin America.
