Rodrigo Blancas, Afore Banamex's international equity portfolio manager, told Fund Pro Latin America that the funding to four global managers will total USD 500 and USD 600 million for the Asian market and will take place in October.
Four Mexican Afores are preparing international mandates
September 28, 2016 by
XXI Banorte is one of four Mexican Afores actively soliciting RFPs from global managers or planning to do so in the short term. Sergio Méndez, CIO of XXI Banorte, said the Afore will analyze proposals for Asian and US mandates in October, and fund them by the end of the year.
Afore XXI-Banorte to proceed with Asian equity RFP
September 7, 2016 by
Afore XXI-Banorte's Sergio Mendez says the pension manager will proceed with its plan to launch an Asian equity mandate, first announced by Fund Pro Latin America in March of 2016.
Afore XXI Banorte lines up three more mandates, including Asian equities and commodities
March 30, 2016 by
With these three mandates, the country's largest Afore plans to increase its international investments up to 9% of its total assets under management - just over USD 3.2 billion out of a total of USD 36.4 billion managed, said Ignacio Saldaña, investment director.
Afores: Cross-border funds are the logical alternative to cumbersome mandate process
December 7, 2015 by
"We have emphasized repeatedly their advantages and [cross-border funds] are a proven option; Peru, Chile and Colombia use them and capitalize on them," said Carlos Noriega, president of the local Afore trade group (Amafore).
BNP Paribas outlines how mandate process in Mexico could be improved
July 15, 2015 by
Noting that the Afores were born in 1997 and turn 18 in 2015, Luis Palacio, sales director of BNP Paribas Investment Partners in Mexico, says: "They have reached legal age and must be allowed to make decisions like adults."
Consar, Afores and global managers discuss speeding up the mandate process
June 29, 2015 by
Consar President Carlos Ramírez has met recently with the teams of Afore Banamex and two global managers with which the pension manager has funded mandates, Schroders and BlackRock.
Custody issues delay Afore Sura mandate with four global firms
May 14, 2015 by
The pension manager hopes to fund this mandate - with Pioneer Investments, BlackRock, Investec Asset Management and Morgan Stanley - this year and will probably send a Request for Proposal (RFP) for a second mandate as well.
Afore Banamex disburses USD 820 million to three global firms
April 9, 2015 by
With the latest disbursement, Banamex has announced mandates of USD 3.2 billion, of which it has already allocated USD 2.1 billion, according to figures maintained by Latin Asset Management.
Natixis Global AM begins Latin American rollout with new Mexico City office
January 5, 2015 by
The opening of the office in Mexico City is Natixis Global AM's first effort to be present in Latin America and build a regional business. It is part of an ambitious plan that will also see the opening of two new offices in 2015, in strategic Latin American cities, Fund Pro Latin America has learned.
