Carlos Ramírez Fuentes, new president of the pension regulatory body, said they would continue promoting diversification and the time had come for the second generation reforms.
New Consar president receptive to adjustments in the investment regime but no hurry
Franklin Templeton sees an opportunity in Mexico
Company executives visited the country and were cautiously optimistic about signs of opening in the pension and investment fund sector.
Afores sector faces three challenges, Amafore says
International investment, the level of contributions and coverage are among priority topics. The regulator’s role is crucial for a real effort to deal with them and continue the evolution of the pension system in Mexico.
Afore Banamex goes for two more mandates
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.
Afore Sura Mexico ready to select fund managers in a few months
The Colombian company in Mexico starts its process to receive mandate in early 2013
Banamex offers Citi custody and management services to Afores in Mexico
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
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
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.
Afore Banamex to be first to operate mandates in Mexico
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.