The successful implementation makes the mandates the first-ever targeting the Asian continent, which CitiBanamex said underscores its leadership in the implementation of innovative strategies within the retirement savings system in Mexico.
Afore CitiBanamex funds USD 550 million in Asia Pacific mandates with three global firms
February 28, 2017 by
Afore Sura and BlackRock agree to swap USD 200 million mandate for advisory agreement
February 20, 2017 by
Since investing the mandated assets in iShares global-equity ETFs would mean paying a double fees to BlackRock, Afore Sura has modified its mandate with the global firm to a no-cost advisory agreement.
BNP Paribas IP launches local lifecycle funds in Mexico
February 12, 2017 by
BNP Paribas Investment Partners maintains its high expectations for the Mexican market over the long term and in January launched its family of Ciclos de Vida funds targeted at institutional clients.
Afore Sura CEO commits to funding first mandate in Q1
January 25, 2017 by
Pablo Sprenger told Fund Pro Latin America he is confident about the growth of the Mexican businesses, especially mutual funds and the Afore, which is ready to fund its first mandate in the first quarter of 2017, after many delays.
BBVA Bancomer forges ahead with dollarized fund-of-fund family
December 20, 2016 by
"We did not know or expect that Trump would win the US election," said BBVA's Victor Piña Piñeiro. "It seems we had excellent timing for launching these new funds on the market."
Afore Azteca sticking with ETFs as it builds its AUM base
December 20, 2016 by
While nearing critical mass necessary for executing an international mandate, Afore Azteca has decided to diversify its global investment portfolio by strategically using ETFs based on MSCI World indices.
Afore XXI Banorte names new CEO
December 19, 2016 by
Tonatiuh Rodriguez Goméz, CEO of Mexico's largest private pension fund, Afore XXI Banorte, will be replaced by Juan Manuel Valle Pereña as of Feb. 1, 2017.
Regulators, intermediaries not worried by impact of Trump on Mexican fund industry
December 9, 2016 by
Edurado Flores Herrera, vice-president of Securities Supervision at Mexico's CNBV, discussed with Fund Pro Latin America the new mechanisms in place to buffer the mutual-fund clients from market-induced shocks.
XXI Banorte plans early 2017 RFP
December 9, 2016 by
XXI is the most active Afore in terms of international mandates, having announced a USD 150 million mandate with Pioneer, new disbursements in its European mandate with BlackRock and Schroders, and, according to CIO Sergio Méndez, an upcoming RFP in early 2017.
Pioneer snatches USD 150 million Asian mandate from XXI Banorte
December 2, 2016 by
The efforts of Pioneer's Gustavo Lozano in Mexico have helped land Pioneer two mandates (already funded) with Afore Banamex (European and Asian equity) and a third (not yet funded) with Afore Sura (global equity).
