Over the last few months the registration process for new foreign mutual funds has been reactivated, with record times of six weeks.
Compass Group sees a sluggish 2013 for funds
According to Luis Palacios, the group’s institutional sales director, important regulatory constraints will hold back growth in the sector.
Bice Inversiones takes over distribution of Nordea in Chile
With this partnership the Norwegian bank aims to receive its first investments from the Chilean pension market.
Merger of Afore XXI with Afore Banorte could lead to extension of limits for foreign investment
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.
Criteria for contracting managers fine tuned
The Risk Review Committee issued a document clarifying the criteria for contracts between afores and managers in Mexico which makes the system viable.
Regulations on AFP fees no longer concern managers
Congressional Committee on Labor and Social Security proposed a regulatory change so that part of the fees that AFPs charge members is based on portfolio returns.
Mexican Mutual Fund Investments in International Funds – September 2013
Excel workbook detailing Mexican mutual fund allocations to global fund managers, over various time periods. Includes names of all funds as well as amounts invested in each. Also included is a breakdown of offshore allocations by asset class. Data as of September 30, 2013.
Corfo sees ending support for private equity by 2030
The state entity says 33% private participation in financing was achieved in 2012, and expects this figure to reach 60% by 2020.