Alberto Delezé, head of distribution, said the potential market for mandates is brutally big and very interesting for any manager. It should eventually result in a more open investment regime and further easing of regulations.
Flexibility and adaptability are Schroders’ keys for achieving the first Afore funding
The process of setting up a mandate will be more flexible
Consar President Carlos Ramírez said that in the future not only will it take less time to set up new mandates, but there will be more interest in using them from other Afores. No progress on mutual funds.
Afore Banamex funds its first mandate with Schroders
After a procedure lasting two years, the British firm received USD200 million for investment in global equities. Javier Orvañanos, investment manager at Afore Banamex, said funding new mandates should not take more than a month in future.
BBVA Bancomer and Pioneer Investment join forces in Nasdaq equity fund
Pioneer will advise BBVA Bancomer on managing the BBVANDQ fund, targeted at clients of investment and private banking, whose objective is to generate differential returns on the benchmark index through active management.
Afore Sura mandate is for global equity
Emilio Bertrán, director of portfolios and mandate development manager, expects the mandate for a total of USD700 million to be funded in six or seven months.
BBVA Bancomer and Franklin Templeton join forces in an emerging equity fund
The product is for clients in private asset management, operated by BBVA Bancomer. Franklin Templeton will act as advisor on portfolio management. The target is to reach USD100 million in assets.
CNBV plans to facilitate creation of investment funds
Andrés Rodríguez, deputy director general of the Investment Management Department of the CNBV, said the corporate structure under which an investment fund is set up could be adapted.
Consar: flexibility is key to achieving the objective of better pensions
Sergio Rodríguez, director general of Financial Planning and Economic Studies of the regulator, says his agency is planning to extend the 20% limit on foreign securities, and that flexibility is the key to long-term thinking on the system.
New Consar president receptive to adjustments in the investment regime but no hurry
Carlos Ramírez Fuentes, new president of the pension regulatory body, said they would continue promoting diversification and the time had come for the second generation reforms.
Franklin Templeton sees an opportunity in Mexico
Company executives visited the country and were cautiously optimistic about signs of opening in the pension and investment fund sector.