According to Luis Palacios, the group’s institutional sales director, important regulatory constraints will hold back growth in the sector.
Merger of Afore XXI with Afore Banorte could lead to extension of limits for foreign investment
December 13, 2012 by
XXI-Banorte will be the largest Afore which could be too big for the Mexican market, and there is also an obvious need for the regulator to extend the foreign asset investment limit.
Afore Banamex goes for two more mandates
October 5, 2012 by
About to fund the first mandate - which was won by BlackRock, Schroders and JP Morgan - Javier Orvañanos, investment manager at Afore Banamex, is now working on mandates for commodities and international securities.
Banamex offers Citi custody and management services to Afores in Mexico
September 21, 2012 by
Afore Banamex will be the first to use the Citi services for custody of its new international asset management mandates.
iShares lists new ETFs in the SIC and expects more international exposure by Afores
August 28, 2012 by
BlackRock has USD8,000 billion in assets under management through cross-listed iShares in the SIC. Pension funds managed by Afores are still the largest investor.
Before Afores can invest in mutual funds the regulations need surgery
June 29, 2012 by
The regulations on mutual fund operations and Afores investments in Mexico do not match, which means there is no viable possibility of investing in these vehicles.
Sale of BBVA Bancomer pensions could bring new players into the sector
June 22, 2012 by
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.
Afore Banamex to be first to operate mandates in Mexico
June 15, 2012 by
In a couple of months the pension manager expects to have international equities in its Siefores and sees commodities as the next asset ready for investment.
Afore Sura: funding of mandates should start in the next few months
October 4, 2013 by
In an interview with Latin Asset Management, Emilio Bertran, director of portfolio structure at Afore Sura, said they had made progress with the final version of the contracts with the managers and the custodian. The objective is to begin to fund some of the mandates this year.
