Franklin lists on GBM+ platform, applauding its success in bringing in new fund clients

Hugo Petricioli expects 2021 to be another amazing year for the mutual fund industry in Mexico, and particularly for Franklin Templeton, which has just added GBM as one of its distributors.

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Consar will soon be in charge of cross-border-fund approvals, replacing the Amafore

The Amafore’s vice-president, Alvaro Melendez, says he expects the change to occur toward the end of July or beginning of August 2021.

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Mexican pension regulator urges legislators to broaden investment regime

Abraham Vela Dib, president of the Consar, argued that the regulator should have latitude to set offshore investment limits.

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Afore Citibanamex entices Kuri while Sura bets on home-grown talent

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.

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Pioneer snatches USD 150 million Asian mandate from XXI Banorte

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).

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Custody issues delay Afore Sura mandate with four global firms

The pension manager hopes to fund this mandate - with Pioneer Investments, BlackRock, Investec Asset Management and Morgan Stanley - this year and will probably send a Request for Proposal (RFP) for a second mandate as well.

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Afore Sura makes play for voluntary savings

Encouraged by a 52% AUM increase in 2014, Afore Sura launched two new voluntary-investment vehicles with the aim of attracting MXP 1 billion in voluntary savings in 2015.

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Consar greenlights funding of USD 400 million Banamex mandate with Pioneer

The president of the Consar, Carlos Ramírez Fuentes (photo), told Fund Pro Latin America that the agency believes mandates are quite important vehicles at the disposal of Afores, but acknowledged that the approval processes need to be sped up.

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Afore Sura mandate is for global equity

Emilio Bertrán, director of portfolios and mandate development manager, expects the mandate for a total of USD700 million to be funded in six or seven months.

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Afore Sura: funding of mandates should start in the next few months

In an interview with Latin Asset Management, Emilio Bertran, director of portfolio structure at Afore Sura, said they had made progress with the final version of the contracts with the managers and the custodian. The objective is to begin to fund some of the mandates this year.

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