As Vanguard looks to capture assets from Mexican Afores in both its ETFs and active funds, country manager Juan Hernandez spoke of the firm’s competitive advantages in this unique market.
Tracking the Activities of Global Asset Managers in Latin America
As Vanguard looks to capture assets from Mexican Afores in both its ETFs and active funds, country manager Juan Hernandez spoke of the firm’s competitive advantages in this unique market.
With Afores getting the OK to diversify out of ETFs, Vanguard's local office, under Juan Hernandez, is listing cross-border mutual funds for sale to the pension managers.
The AFPs yanked USD 61 million from cross-border funds and ETFs in March 2019, but shoveled USD 447 million into a single Vanguard ETF, raising the firm’s total Colombian AUM to USD 2.5 billion.
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