In a first step, an agreement was signed with Meridian Funds (MFS) to use them as underlying asset for investments by mutual funds in global equities in Mexico.
The process of setting up a mandate will be more flexible
September 19, 2013 by
Consar President Carlos Ramírez said that in the future not only will it take less time to set up new mandates, but there will be more interest in using them from other Afores. No progress on mutual funds.
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.
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.
Sale of BBVA Bancomer pensions could bring new players into the sector
June 22, 2012 by
The Latin America region is perceived as strong and growing, and the sale of BBVA Bancomer could place a brand in four countries with one operation. For Luis Sayeg Seade of Banamex, it would be interesting to see a Mexican player come out to fight in the region.
