Under the guidance of Sergio Mendez, Afore XXI Banorte funded US equity mandates with three managers, totaling USD 700 million, bringing its funded mandate total to USD 2.8 billion, spread across Europe, Asia and now the United States.
Principal Afore again delays rollout of first global mandate
August 14, 2017 by
Afore Principal CEO, Mariano Ugarte, said the manager would implement its first international mandate in 2018, once "the markets have calmed down," referring to the high level of volatility for the Mexican Peso since the election of Donald J. Trump.
Afore Sura disburses USD 200 million to Pioneer for global equities mandate
March 27, 2017 by
Part of a previously announced USD 500 million global equities mandate, Sura has already disbursed USD 150 million to Morgan Stanley and the final outlay - to Investec Asset Mgt. - is still pending.
XXI Banorte quickly funds Pan-Asian mandate with USD 850 million in disbursements
March 13, 2017 by
The latest implementation of XXI Banorte's international diversification strategy, led by CIO Sergio Mendez, has been entrusted to JP Morgan, Investec, BlackRock and Pioneer Investments. The process took just four months.
Afore Sura funds its first international mandate for USD 150 million
March 1, 2017 by
Afore Sura has given the green light to its diversification strategy in international investments, funding a global equity mandate valued at USD 150 million. Two more mandates for a total of USD 350 million are awaiting a final go-ahead.
Afore CitiBanamex funds USD 550 million in Asia Pacific mandates with three global firms
February 28, 2017 by
The successful implementation makes the mandates the first-ever targeting the Asian continent, which CitiBanamex said underscores its leadership in the implementation of innovative strategies within the retirement savings system in Mexico.
Afore Sura and BlackRock agree to swap USD 200 million mandate for advisory agreement
February 20, 2017 by
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.
Afore Sura CEO commits to funding first mandate in Q1
January 25, 2017 by
Pablo Sprenger told Fund Pro Latin America he is confident about the growth of the Mexican businesses, especially mutual funds and the Afore, which is ready to fund its first mandate in the first quarter of 2017, after many delays.
XXI Banorte plans early 2017 RFP
December 9, 2016 by
XXI is the most active Afore in terms of international mandates, having announced a USD 150 million mandate with Pioneer, new disbursements in its European mandate with BlackRock and Schroders, and, according to CIO Sergio Méndez, an upcoming RFP in early 2017.
Pioneer snatches USD 150 million Asian mandate from XXI Banorte
December 2, 2016 by
The efforts of Pioneer's Gustavo Lozano in Mexico have helped land Pioneer two mandates (already funded) with Afore Banamex (European and Asian equity) and a third (not yet funded) with Afore Sura (global equity).
