Despite having the option to invest in UCITS, Andres Moreno, Afore SURA’s CIO, believes mandates will end up being the cheaper alternative.
Tracking the Activities of Global Asset Managers in Latin America
Despite having the option to invest in UCITS, Andres Moreno, Afore SURA’s CIO, believes mandates will end up being the cheaper alternative.
Excel workbook detailing, over various time periods, asset totals, inflows and affiliate trends among Mexican Afores. Data as of September 30, 2021.
Companies mentioned in this report: XX Banorte; Citibanamex; Sura; Profuturo GNP; Principal; Invercap; PensionISSSTE; Inbursa; Coppel; Metlife; Azteca; Afirme Bajío.
Afores have a keen interest on ETFs giving access to ESG, thematics and sector investing outside the S&P500, says SSGA's Heinz Volquarts.
Ignacio de la Maza, head of EMEA intermediary and Latam at Janus Henderson believes the Mexican market is "very attractive to any international asset manager."
Sergio Mendez, BlackRock´s country manager for Mexico, sees large untapped potential in the Mexican retail market.
“This is the first step, and we expect to launch a second group of four funds later this year,” Antonio Sibaja, Afore Profuturo's CIO, told Fund Pro Latin America.
Excel workbook detailing, over various time periods, asset totals, inflows and affiliate trends among Mexican Afores. Data as of June 30, 2021.
Companies mentioned in this report: XX Banorte; Citibanamex; Sura; Profuturo GNP; Principal; Invercap; PensionISSSTE; Inbursa; Coppel; Metlife; Azteca; Afirme Bajío.
The Amafore’s vice-president, Alvaro Melendez, says he expects the change to occur toward the end of July or beginning of August 2021.
Abraham Vela Dib, president of the Consar, argued that the regulator should have latitude to set offshore investment limits.
"We are working to select funds that give us exposure to cutting-edge trends that are currently unfolding and that will shape the way the world works tomorrow,” said Azteca's Eduardo Parra.
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