According to Latin Asset Management estimates, Mexican Pension Managers (Afores) have around USD 12 billion invested in cross-border ETFs listed on the Mexican Stock Exchange (BMV).
Another mandate from Banamex, this time for USD 1 billion
February 18, 2014 by
As the size of pension-fund mandates grows and the pace of announcements picks up, Mexico is quickly garnering the attention of global asset managers looking for the next-best market after Chile. Banamex said it would spread this latest mandate among five distinct global players - all of which have boots on the ground in the country.
Mexican Pension Fund Industry Statistics – December 2013
January 31, 2014 by
Excel workbook detailing, over various time periods, asset totals, inflows and affiliate trends among Mexican Afores. Data as December 2013.
Companies mentioned in this report: XX Banorte; Banamex; Sura; Profuturo GNP; Principal; Invercap; PensionISSSTE; Inbursa; Coppel; Metlife; Azteca; Afirme Bajío.
Source: Performance-fee model for Afores will not stall mandate rollout
January 16, 2014 by
This measure is part of a larger reform package slated to be submitted to Congress for debate in late 2014. The same package is likely to contain an increase in the international-allocation limit, which has been stuck at the 20% level since 2003.
Mexican government proposal would tie part of management fee to performance
December 11, 2013 by
The proposal, which would reward higher-performing Afores with larger fees and punish those poorer performers, was immediately panned by the local pension industry association, the Amafore.
Compass Group Mexico wants a piece of the Afore market
December 11, 2013 by
In an interview with Latin Asset Management, José Ignacio Armedariz and Luis Palacio said they will be very active in the next two years offering Afores new alternatives to benefit the pension managers' international portfolios.
Latin American Distribution Dynamics 2013 – Closed Markets Begin to Mature and Open
December 5, 2013 by
The Cerulli Report: Latin American Distribution Dynamics 2013 is the eighth edition in a series of annual reports focusing on the distribution and product development trends taking place in the major markets of Latin America. Latin Asset Management, a source of much of the data and commentary featured in this edition, is proud to have once again collaborated with Cerulli Associates on the report.
League Table – Assets Gathered by Cross-Border Fund Managers – Latin American Institutional Market – June 2013
December 2, 2013 by
Includes assets gathered by cross-border fund managers in the following markets: Chilean pension funds (AFPs), mutual funds (AGFs) and life insurers, Colombian pension funds (AFPs), Mexican pension funds (Afores) and mutual funds (OFIs) and Peruvian pension funds (AFPs). Period: Six months ending June 30, 2013.
Still unclear how the Afores will invest in mutual funds
January 17, 2012 by
Despite the new memorandum issued by the Consar, Afores and fund managers are still not sure how mutual funds can be included in investment portfolios. Investments will not be allowed in local funds, only international.
This year could see a number of specialized mandates contracts in Mexico
January 5, 2012 by
Consar has defined the parameters and clarified the rules. Hugo Petricioli of Franklin Templeton and Sergio Mendez of Afore XXI believe the roles of valuers and custodians will be defined as the Afores start the mandates processes.
