Franklin lists on GBM+ platform, applauding its success in bringing in new fund clients

Hugo Petricioli expects 2021 to be another amazing year for the mutual fund industry in Mexico, and particularly for Franklin Templeton, which has just added GBM as one of its distributors.

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ESG funds in Mexico present an opportunity for international asset managers

Santander CEO Jesús Mendoza del Río wants to list a global equities version of Mexico's premier ESG fund, a local equity product which launched last summer.

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Global relationships power Banorte’s surge in international fund AUM

Banorte’s Alejandro Aguilar Ceballos spoke about the firm’s many subadvisory relationships with global managers, which have helped the firm respond to retail-investor demand for diversification.

Vanguard’s investment philosophy and low costs gel well with Mexican clientele

As Vanguard looks to capture assets from Mexican Afores in both its ETFs and active funds, country manager Juan Hernandez spoke of the firm’s competitive advantages in this unique market.

Will 2021 be a breakout year for active funds in Mexico? The Amafore seems to think so.

The Amafore's Alvaro Melendez predicted an uptick in allocations to active funds while emphasizing need to increase cap on international investments.

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Three firms share USD 700 million US Equity mandate from XXI Banorte

Under the guidance of Sergio Mendez, Afore XXI Banorte funded US equity mandates with three managers, totaling USD 700 million, bringing its funded mandate total to USD 2.8 billion, spread across Europe, Asia and now the United States.

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BBVA sells peruvian pension unit

The bank is selling for USD516 million its pension unit in Peru to two separate pension firms, one controlled by Colombian financial conglomerate Grupo Sura and the other by Canada's Bank of Nova Scotia.

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BBVA Sells Mexico Pension Fund to Banorte, IMSS for USD1.6 Billion

Grupo Financiero Banorte and Mexico’s Social Security Institute, known as IMSS, will each pay half of the price for the Afore Bancomer unit.

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The XXI-Banorte method includes mandates and commodities

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.

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Sale of BBVA Bancomer pensions could bring new players into the sector

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.

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