Carlos Noriega (photo) said the pension manager association is proposing, along with other missions, it be more involved in pre-approving ETFs for their eventual sale to Afores, a task currently in the wheelhouse of the pension regulator, the Consar.
Amafore: Pension-fund investment regime not a legislative matter
October 27, 2014 by
Carlos Noriega Curtis, president of the Mexican pension fund association, the Amafore, is proposing that the Retirement System Law (SAR) be amended to delegate to the Consar all decisions regarding the Afores' investment regime.
Colombian infrastructure program generating interest for investors in alternatives
October 12, 2014 by
The "Fourth Generation Concessions Program," introduced two years ago by the Colombian government, has created considerable expectations among foreign and local sponsors who want to develop investment vehicles for project implementation. AFPs would be likely buyers of the products.
Honorato & Delaveau law firm seeks to expand asset-manager client base
October 10, 2014 by
The firm strengthened its team with economist Carolina Philipps (pictured), formerly with the CCR.
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.
Important changes to Mexican pension law put off until 2015
September 23, 2014 by
Proposals to increase contribution levels, boost voluntary savings and relax the restrictive investment regime will not be put to Congress until at least 2015, via a bill from the Executive or as a result of the work of an expert committee close to being formed.
Peruvian pension-fund cross-border limit raised from 40% to 42%
September 19, 2014 by
The increase would be made in four installments through January 2015. According to Latin Asset Management estimates, the increase translates directly to an additional USD 195 million in potential cross-border flows per month.
Peru’s AFPs can now invest up to 20% in alternatives
August 15, 2014 by
AFPs can now invest up to 15% of their type 2 moderate portfolios and 20% of their type 3 aggressive portfolios in alternatives, without weighing against the overall equity limit. The previous limit was a scant 3%, and was being fully utilized.
Details of AFP minimum-return proposal nearing release
August 8, 2014 by
The proposal aims to stimulate greater portfolio diversification by AFPs, whose investments are currently concentrated in domestic public debt and local equity, by increasing exposure to foreign assets.
Sura: Afores need to expand foreign investments
July 24, 2014 by
Enrique Solórzano (photo), head of investments at Afore Sura, said that the Siefores representing younger people should adopt the investment models of countries such as Chile and Peru, which allow a higher rate of investment in equity than in bonds, as a means of increasing returns.
