As Vanguard looks to capture assets from Mexican Afores in both its ETFs and active funds, country manager Juan Hernandez spoke of the firm’s competitive advantages in this unique market.
Mexico’s largest Afore may double its fund allocations in the short term
January 27, 2021 by
Afore XXI Banorte's new CIO revealed the firm's approach to manager selection and monitoring, and noted the key role active funds will play in building out its international investment strategy.
Will 2021 be a breakout year for active funds in Mexico? The Amafore seems to think so.
January 26, 2021 by
The Amafore's Alvaro Melendez predicted an uptick in allocations to active funds while emphasizing need to increase cap on international investments.
Active managers key to Afore SURA’s international exposure
January 26, 2021 by
"We will have a local expert helping us make better investment decisions and adding alpha to our clients' portfolios," said SURA's Andrés Moreno.
Added flows, tighter fees will pressure Afores to diversify their portfolios
December 22, 2020 by
The industry was not pleased with the placement of stringent caps on fees they can pass on to affiliates, but cheered plans to boost payroll contributions substantially.
Franklin Templeton rides wave of new-client growth in Mexico
December 21, 2020 by
FT's Hugo Petricioli said clients turned to mutual funds in 2020 in search of exchange-rate protection and higher returns via international equities.
AMLO floats bid to increase Afore contribution rate to 15%
August 26, 2020 by
The Mexican president's surprise announcement would boost contributions from the current 6.5% rate over eight years, with employers footing the bill.
Afore Citibanamex entices Kuri while Sura bets on home-grown talent
May 13, 2020 by
The former Afore Sura CEO’s new job is to work out how this retirement fund manager will take “the portfolios towards a better experience in which the client becomes the core of the investment process," Citi said in a statement.
JP Morgan Asset Management lists first hedged ETF in Mexico
May 1, 2020 by
The ETF seeks to provide a reliable beta “building block” for investors looking for a short-dated dollar-denominated government debt allocation, said JPM's Juan Pablo Medina-Mora.
It’s happening! Mexican Afore first out of gate with USD 450 million cross-border fund allocation
February 5, 2020 by
The CIO of a top Mexican Afore sat down with Fund Pro Latin America to discuss its initial investment in cross-border funds and its future global strategy, which is very keyed in to Asia.
