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.
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.
Banamex awards new commodity mandate to three top global firms
October 30, 2014 by
The awarding of the mandate, as well as its size, is dependent upon the final design of the investment guidelines being drawn up by the Consar, Afore Banamex and the winners of the mandate.
The three active Mexican Afore mandates are all with Banamex
October 22, 2014 by
With the mandate of up to USD 360 million to Pioneer, the Mexican pension industry now has three active mandates, all with Afore Banamex, totaling USD 1.2 billion.
Consar discloses plans to speed up mandate process
September 30, 2014 by
Consar President Carlos Ramírez Fuentes (photo) is convinced that mandates are a tool the Afores should be using more. He told Fund Pro Latin America that the pension regulator is doing its best to speed up the mandate process.
Consar greenlights funding of USD 400 million Banamex mandate with Pioneer
September 23, 2014 by
The president of the Consar, Carlos Ramírez Fuentes (photo), told Fund Pro Latin America that the agency believes mandates are quite important vehicles at the disposal of Afores, but acknowledged that the approval processes need to be sped up.
