Afores will be able to invest up to 30% in alternative products. Greater investment in national projects such as energy and infrastructure will be encouraged.
Afore Citibanamex finally fills alternative-investment position
The hiring of Juan Carlos Martin is expected to revitalize investments in alternative assets at Afore Citibanamex, which was recently put up for sale.
StepStone’s business responding to retail and institutional demand for alternatives
Luis Perezcano, StepStone’s senior advisor expects to issue another Afore dedicated CERPI and a fifth series of its private-banking product in the short term.
Afore redemptions from foreign equities seen as natural response to volatility
Afores have moved to instruments with the most favorable risk-adjusted returns in light of global volatility in both interest and exchange rates, said Carlos Noriega, president of the AMAFORE.
Afores anxious to participate in new alternatives vehicles proposed by Executive branch
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.