In the latest changes to the Pension Fund Investment System, the maximum percentage AFPs can invest in local funds was cut from 5% to 3%.
SBS to ease restrictions on plain vanilla international funds
October 31, 2012 by
Superintendent Schydlowsky said he was ready to simplify registration of funds representing traditional assets, but will keep a wary eye on more complex instruments.
Credit Suisse to sell European ETF business
October 22, 2012 by
Credit Suisse Group has put its USD17.2 billion European exchange-traded fund business up for sale.
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.
Acafi: 30% of closed-end investment fund assets are from the non-institutional segment
August 29, 2012 by
Vehicles with better liquidity windows and activation of the secondary market have attracted interest from smaller investors.
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.
Itaú Asset says Brazilians eyeing more foreign assets
August 23, 2012 by
A decline in interest rates to record lows is forcing funds to build a more diverse base of financial instruments to help lure new clients, said Paulo Corchaki, chief investment officer at Itaú Asset Management.
Scotiabank to buy majority stake in Colombian pension fund Colfondos AFP
August 14, 2012 by
Scotiabank says it has reached an agreement to buy a 51% stake in Colombia's fourth-largest pension fund company.
