JP Morgan, BlackRock and Schroder are chosen to manage part of the Afore’s portfolio in global equities.
Still unclear how the Afores will invest in mutual funds
January 17, 2012 by
Despite the new memorandum issued by the Consar, Afores and fund managers are still not sure how mutual funds can be included in investment portfolios. Investments will not be allowed in local funds, only international.
This year could see a number of specialized mandates contracts in Mexico
January 5, 2012 by
Consar has defined the parameters and clarified the rules. Hugo Petricioli of Franklin Templeton and Sergio Mendez of Afore XXI believe the roles of valuers and custodians will be defined as the Afores start the mandates processes.
Flexibility and adaptability are Schroders’ keys for achieving the first Afore funding
September 22, 2013 by
Alberto Delezé, head of distribution, said the potential market for mandates is brutally big and very interesting for any manager. It should eventually result in a more open investment regime and further easing of regulations.
The process of setting up a mandate will be more flexible
September 19, 2013 by
Consar President Carlos Ramírez said that in the future not only will it take less time to set up new mandates, but there will be more interest in using them from other Afores. No progress on mutual funds.
Afore Banamex funds its first mandate with Schroders
August 27, 2013 by
After a procedure lasting two years, the British firm received USD200 million for investment in global equities. Javier Orvañanos, investment manager at Afore Banamex, said funding new mandates should not take more than a month in future.
Afore Sura mandate is for global equity
May 20, 2013 by
Emilio Bertrán, director of portfolios and mandate development manager, expects the mandate for a total of USD700 million to be funded in six or seven months.
Consar: flexibility is key to achieving the objective of better pensions
April 4, 2013 by
Sergio Rodríguez, director general of Financial Planning and Economic Studies of the regulator, says his agency is planning to extend the 20% limit on foreign securities, and that flexibility is the key to long-term thinking on the system.
New Consar president receptive to adjustments in the investment regime but no hurry
March 11, 2013 by
Carlos Ramírez Fuentes, new president of the pension regulatory body, said they would continue promoting diversification and the time had come for the second generation reforms.
Afores sector faces three challenges, Amafore says
January 30, 2013 by
International investment, the level of contributions and coverage are among priority topics. The regulator’s role is crucial for a real effort to deal with them and continue the evolution of the pension system in Mexico.
