Mandate news circulates during and after Afore convention in October

Pensionissste, Banamex, Profuturo and Principal were the subjects of mandate news in October and November, as were global managers BlackRock, Wellington, Franklin Templeton and a pair of others.

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Mexican Afores suffered a small drop in profits in 2015

Mexico's 11 Afore private-pension managers recorded net income of MXN 8.9 million (USD 516 million) in 2015, a 2% decline in local currency terms. Fee-based revenues of the managers were MXN 26.8 billion (USD 1.5 billion), an increase of roughly 5% for the year.

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Afores boosted their private-equity exposure to 6% in 2015

During 2015 about USD 1 billion - through 19 issues - went to market, almost double the issues logged in the previous year. A local consulting firm says that there is another USD 1.9 billion dollars in the pipeline for upcoming CKDs.

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Scotiabank to buy majority stake in Colombian pension fund Colfondos AFP

Scotiabank says it has reached an agreement to buy a 51% stake in Colombia's fourth-largest pension fund company.

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