International investment, the level of contributions and coverage are among priority topics. The regulator’s role is crucial for a real effort to deal with them and continue the evolution of the pension system in Mexico.
Compass Group sees a sluggish 2013 for funds
December 13, 2012 by
According to Luis Palacios, the group’s institutional sales director, important regulatory constraints will hold back growth in the sector.
Merger of Afore XXI with Afore Banorte could lead to extension of limits for foreign investment
December 13, 2012 by
XXI-Banorte will be the largest Afore which could be too big for the Mexican market, and there is also an obvious need for the regulator to extend the foreign asset investment limit.
BBVA Sells Mexico Pension Fund to Banorte, IMSS for USD1.6 Billion
November 28, 2012 by
Grupo Financiero Banorte and Mexico’s Social Security Institute, known as IMSS, will each pay half of the price for the Afore Bancomer unit.
Afore Banamex goes for two more mandates
October 5, 2012 by
About to fund the first mandate - which was won by BlackRock, Schroders and JP Morgan - Javier Orvañanos, investment manager at Afore Banamex, is now working on mandates for commodities and international securities.
Afore Sura Mexico ready to select fund managers in a few months
September 26, 2012 by
The Colombian company in Mexico starts its process to receive mandate in early 2013
Banamex offers Citi custody and management services to Afores in Mexico
September 21, 2012 by
Afore Banamex will be the first to use the Citi services for custody of its new international asset management mandates.
iShares lists new ETFs in the SIC and expects more international exposure by Afores
August 28, 2012 by
BlackRock has USD8,000 billion in assets under management through cross-listed iShares in the SIC. Pension funds managed by Afores are still the largest investor.
The XXI-Banorte method includes mandates and commodities
July 10, 2012 by
Now that the two Afores have completed their merger, the new XXI-Banorte is ready to take full advantage of the regulatory changes in favor of opening to specialized managers and investments in commodities.
Before Afores can invest in mutual funds the regulations need surgery
June 29, 2012 by
The regulations on mutual fund operations and Afores investments in Mexico do not match, which means there is no viable possibility of investing in these vehicles.
