In a discussion covering Afores’ international investments, Ivan Pliego revealed AUMs captured by active cross-border funds vs. global ETFs.
Tracking the Activities of Global Asset Managers in Latin America
In a discussion covering Afores’ international investments, Ivan Pliego revealed AUMs captured by active cross-border funds vs. global ETFs.
After a change in leadership at the CONSAR, the Amafore will again be responsible for approving international funds suitable for Afore consumption.
In a recent press conference, the head of the Mexican pension regulator sounded various positive notes regarding cross-border-fund investing by Afores.
“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.
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.
The Amafore's Alvaro Melendez predicted an uptick in allocations to active funds while emphasizing need to increase cap on international investments.
The CIO of a top Mexican Afore sat down with Fund Pro Latin America to discuss its initial investment in cross-border funds and its future global strategy, which is very keyed in to Asia.
The option offers an attractive alternative to mandates, allowing smaller Afores to participate in active management.
Long-awaited rules published by the Consar risk committee showed a bias to large managers (USD 50 billion minimum AUM) and stringent fee caps on active funds (65 bps maximum for equity funds).
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