Alberto Delezé, head of distribution, said the potential market for mandates is brutally big and very interesting for any manager. It should eventually result in a more open investment regime and further easing of regulations.
Flexibility and adaptability are Schroders’ keys for achieving the first Afore funding
Consar: flexibility is key to achieving the objective of better pensions
Sergio Rodríguez, director general of Financial Planning and Economic Studies of the regulator, says his agency is planning to extend the 20% limit on foreign securities, and that flexibility is the key to long-term thinking on the system.
New Consar president receptive to adjustments in the investment regime but no hurry
Carlos Ramírez Fuentes, new president of the pension regulatory body, said they would continue promoting diversification and the time had come for the second generation reforms.
Franklin Templeton sees an opportunity in Mexico
Company executives visited the country and were cautiously optimistic about signs of opening in the pension and investment fund sector.
Afores sector faces three challenges, Amafore says
International investment, the level of contributions and coverage are among priority topics. The regulator’s role is crucial for a real effort to deal with them and continue the evolution of the pension system in Mexico.
Compass Group sees a sluggish 2013 for funds
According to Luis Palacios, the group’s institutional sales director, important regulatory constraints will hold back growth in the sector.
iShares lists new ETFs in the SIC and expects more international exposure by Afores
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.
Before Afores can invest in mutual funds the regulations need surgery
The regulations on mutual fund operations and Afores investments in Mexico do not match, which means there is no viable possibility of investing in these vehicles.
Criteria for contracting managers fine tuned
The Risk Review Committee issued a document clarifying the criteria for contracts between afores and managers in Mexico which makes the system viable.