Afore Sura disburses USD 200 million to Pioneer for global equities mandate

Part of a previously announced USD 500 million global equities mandate, Sura has already disbursed USD 150 million to Morgan Stanley and the final outlay - to Investec Asset Mgt. - is still pending.

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Afore Sura funds its first international mandate for USD 150 million

Afore Sura has given the green light to its diversification strategy in international investments, funding a global equity mandate valued at USD 150 million. Two more mandates for a total of USD 350 million are awaiting a final go-ahead.

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Afore Sura and BlackRock agree to swap USD 200 million mandate for advisory agreement

Since investing the mandated assets in iShares global-equity ETFs would mean paying a double fees to BlackRock, Afore Sura has modified its mandate with the global firm to a no-cost advisory agreement.

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Sura launches Pacific Alliance bond fund

Sura's Juan David Perdomo said the Chile-domiciled fund will invest in government and corporate bonds throughout Chile, Mexico, Colombia and Peru. Mirror versions of the fund are expected in other jurisdictions.

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Sura Mexico makes larger play for affluent business

Sura's "High-Net-Worth Plus" segment aims to attract clients based in part on personalized attention and access to international strategies, says Luis Ortiz, CEO of the voluntary business at Sura Mexico.

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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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Fitch affirms Sura Asset Management at BBB+

SUAM's ratings reflect its strong credit profile based on its leading regional franchise, consistent performance, strong operating environment, diversified, stable earnings, sound leverage and debt service ratios, ample expertise and sound risk management, said Fitch.

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Sura sees many pluses in open-architecture scheme in Mexico

If an open-architecture scheme is implemented industry-wide, the winners of this opening will be the end clients, intermediaries and the fund industry itself, Luis Ortiz, director of Investment Management at Sura Mexico, told Fund Pro Latin America.

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Afore Principal has global investment mandates on back burner

The regulator is very active and is making an effort to get the system working correctly, said Ramón Pando, Afore Director in Principal Financial Group Mexico (photo). But that means taking the time to align its processes according to Consar dictates. Mandates will have to wait, he said.

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League Table – Assets Gathered by Cross-Border Fund Managers – Latin American Institutional Market – June 2013

Includes assets gathered by cross-border fund managers in the following markets: Chilean pension funds (AFPs), mutual funds (AGFs) and life insurers, Colombian pension funds (AFPs), Mexican pension funds (Afores) and mutual funds (OFIs) and Peruvian pension funds (AFPs). Period: Six months ending June 30, 2013.

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