Valmex’s Luis Lozano said the voluntary pension market is a solution for those with higher income, “who are not fully covered under the traditional and obligatory pension market.”
Tracking the Activities of Global Asset Managers in Latin America
Valmex’s Luis Lozano said the voluntary pension market is a solution for those with higher income, “who are not fully covered under the traditional and obligatory pension market.”
Vanguard's Mauro Favini said the product attracted attention by its ability to generate alpha in this asset class and its unique investment process.
The Amafore’s vice-president, Alvaro Melendez, says he expects the change to occur toward the end of July or beginning of August 2021.
Banorte’s Alejandro Aguilar Ceballos spoke about the firm’s many subadvisory relationships with global managers, which have helped the firm respond to retail-investor demand for diversification.
The AFPs sold USD 456 million in North American equity funds and ETFs, reducing their AUM in that category to USD 4.1 billion.
The AFPs finished June with USD 17.2 billion invested in cross-border funds and ETFs, almost all of which was in equity-oriented products.
As soon as approval is received from regulators, Vanguard will launch its first ETF domiciled in Mexico, based on the FTSE BIVA index, the fledgling Institutional Securities Exchange that began operations in 2018.
Eemerging-markets-equity funds and ETFs continued to attract assets. Category favorite iShares MSCI Emerging Markets led inflows with USD 178 million coming into the fund.
The AFPs finished April with USD 17.8 billion invested in cross-border funds and ETFs, almost all of which was in equities, after having yanked USD 597 million in the first quarter.
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