Reduction of deductibility from 100% to 53% as part of the 2014 Fiscal Reform paralyzed Mexico's private-pension fund industry, said Mercer Mexico's Ivette Maya.
Mercer: Viability of corporate pensions requires reinstating 100% deductibility to plan sponsors
December 5, 2018 by
Banorte sees BlackRock as source for positive change
November 26, 2018 by
Banorte's Alejandro Aguilar Ceballos, considers BlackRock’s arrival to the Mexican retail market as an opportunity for the industry to maintain its growth rate: "It will make us all go into training to be able to compete."
Client demand prompts Franklin to launch ETFs in Mexico
November 6, 2018 by
Under the guidance of country manager Hugo Petricioli, Templeton is looking to complement its USD 800 million local-fund business with the launch of ETFs.
Global managers dealt series of body blows in Mexico
November 1, 2018 by
Cross-border firms lost nearly USD 500 million in allocations when BlackRock took over Banamex's fund unit. Meanwhile, a large Afore is close to unwinding two global mandates as regulators delay implementation of fund rules.
State Street Global Advisors cross-lists 29 additional ETFs in Mexico
October 1, 2018 by
“Having cross-listed the first SPDR ETFs on the BMV in 2006, the Mexican market has remained a strategic priority for over a decade," said Kathryn Sweeney, head of SPDR Americas institutional sales.
BlackRock takes control of Citibanamex’s asset-management unit
October 1, 2018 by
Armando Senra, head of the Latin America & Iberia region for BlackRock, termed the transaction "transformative for BlackRock and the asset management industry in Mexico and the region."
GBM is link between six international managers and Mexican Afores
August 16, 2018 by
When Afore investment in mutual funds is finally permitted, "the dynamics of this market will increase significantly," Louis Viramontes, vice president of international sales at GBM, told Fund Pro Latin America.
Transamerica’s Mexican unit builds out product platform
August 1, 2018 by
Akaan Transamerica wants to take on the big players in the Mexican market, not only in wealth management, but also fund management, brokerage and insurance.
Actinver adds another third-party manager, naming subadvisor to global multi-asset fund
August 1, 2018 by
Actinver signed an advisory agreement with Canadian manager Fiera Capital to reinforce the operation of its USD 174 million DINAMO fund, as it conducts a manager search for a fund focusing on cyber security.
Vanguard to enter mutual-fund market in Mexico
July 30, 2018 by
While ETFs will still be its main offering, Vanguard Investments Mexico is ready to take on the mutual fund business in the country through subadvisory and directly with the Afores as soon as regulations allow.
