Bernardo González Rosas arrives at Amafore after being president of the National Banking and Securities Commission for most of 2018. He replaces Carlos Noriega Curtis.
Global managers dealt series of body blows in Mexico
November 1, 2018 by
Cross-border firms lost nearly USD 500 million in allocations when BlackRock took over Banamex's fund unit. Meanwhile, a large Afore is close to unwinding two global mandates as regulators delay implementation of fund rules.
Fee concerns threaten to derail Afores’ chance to invest in mutual funds
May 22, 2018 by
Despite delays things are moving ahead at a steady pace and both the Amafore and the Consar have been working nonstop to achieve clear rules that allow Afores to invest in mutual funds, says Amundi Pioneer's Gustavo Lozano. A consequential meeting this week should provide additional clues.
Consar anxious to establish rules for cross-border-fund investing
January 31, 2018 by
Carlos Ramírez, president of the Consar, provided Fund Pro Latin America with a time estimate on when Afore pension managers will finally be able to invest in cross-border mutual funds.
New Afore investment regime opens door to cross-border funds
January 8, 2018 by
A full rewrite of the investment regime pushed along by Consar president Carlos Ramirez was published on Friday, Jan. 5 in the Official Bulletin. We provide initial details and a first read on the potential impact for cross-border firms.
WisdomTree cross-lists seven UCITS ETFs in Mexico
May 12, 2017 by
Jonathan Steinberg, WisdomTree CEO and president, said, the listing allows "Mexican investors the option to access and invest in WisdomTree’s existing strategies in a different structure.”
Afores’ reluctance to diversify confounds regulator
November 17, 2016 by
"There is underutilization of investment limits on nearly all fronts," said Carlos Ramírez, president of the Afore regulatory body. He cited underutilization of equity limits, as well as the minor positions of the Afores in foreign securities.
Afores: Cross-border funds are the logical alternative to cumbersome mandate process
December 7, 2015 by
"We have emphasized repeatedly their advantages and [cross-border funds] are a proven option; Peru, Chile and Colombia use them and capitalize on them," said Carlos Noriega, president of the local Afore trade group (Amafore).
Afores anxious to participate in new alternatives vehicles proposed by Executive branch
November 13, 2015 by
Afores are eagerly awaiting the launch of the Fibra E and CerPIs, the two new structured instruments proposed by the Mexican President Enrique Peña Nieto, said Carlos Noriega, CEO of the Mexican Association of Retirement Fund Managers.
Pension association suggests allowing smaller Afores to invest in cross-border funds
August 6, 2015 by
"This possibility would an interesting revolution for active managers, especially for smaller Afores, which find the cost of mandates beyond their means," said Carlos Noriega, president of Amafore.
