Mexico names new heads of securities and pensions commissions

While US-educated heads assumed their roles at the CNBV and Consar, Afore-friendly Carlos Noriega Curtis has joined the government in the finance ministry.

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Global managers dealt series of body blows in Mexico

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.

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Fee concerns threaten to derail Afores’ chance to invest in mutual funds

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.

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Consar anxious to establish rules for cross-border-fund investing

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.

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Afore Sura funds mandate with Investec for USD 150 million

Luis de la Cerda, investment director, said the Afore was open to granting new mandates and to evaluating options in mutual funds when the time comes.

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With holy grail in reach, cross-border managers urge respect for process in Mexico

While preaching patience, Natixis's Mauricio Giordano told Fund Pro Latin America that Afores could potentially make their first cross-border-fund investments in the second half of 2018.

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First Trust boosts to 11 its ETF offering in Mexico, targeting Afore pension funds

“The evolution of the Mexico pension system has been remarkable to watch," says First Trust's Codie Sanchez,

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Afore XXI Banorte makes it easy for Mexican expats to save for retirement

XXI Banorte's Juan Manuel Valle Pereña said the Afore's alliance with uLink gives US-based Mexican expats an easy-to-navigate and easy-to-access service to make voluntary retirement contributions from any device or computer.

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Regulator sees life-cycle funds in Afores’ future

The Consar is looking to convert the rigid four-fund multifund system into something much more streamlined, which could also permit more foreign investment by the Afores.

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Afore Sura and BlackRock agree to swap USD 200 million mandate for advisory agreement

Since investing the mandated assets in iShares global-equity ETFs would mean paying a double fees to BlackRock, Afore Sura has modified its mandate with the global firm to a no-cost advisory agreement.

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