The Amafore's Alvaro Melendez predicted an uptick in allocations to active funds while emphasizing need to increase cap on international investments.
Will 2021 be a breakout year for active funds in Mexico? The Amafore seems to think so.
January 26, 2021 by
GBM is link between six international managers and Mexican Afores
August 16, 2018 by
When Afore investment in mutual funds is finally permitted, "the dynamics of this market will increase significantly," Louis Viramontes, vice president of international sales at GBM, told Fund Pro Latin America.
Three firms share USD 700 million US Equity mandate from XXI Banorte
September 17, 2017 by
Under the guidance of Sergio Mendez, Afore XXI Banorte funded US equity mandates with three managers, totaling USD 700 million, bringing its funded mandate total to USD 2.8 billion, spread across Europe, Asia and now the United States.
Afore XXI Banorte makes it easy for Mexican expats to save for retirement
September 15, 2017 by
XXI Banorte's Juan Manuel Valle Pereña said the Afore's alliance with uLink gives US-based Mexican expats an easy-to-navigate and easy-to-access service to make voluntary retirement contributions from any device or computer.
Afore XXI Banorte works to recapture lost market share
June 12, 2017 by
In just five months, under new CEO Juan Manuel Valle Pereña, Afore XXI Banorte has reversed its declining market share with the implementation of a new client-retention and recovery strategy.
XXI Banorte quickly funds Pan-Asian mandate with USD 850 million in disbursements
March 13, 2017 by
The latest implementation of XXI Banorte's international diversification strategy, led by CIO Sergio Mendez, has been entrusted to JP Morgan, Investec, BlackRock and Pioneer Investments. The process took just four months.
XXI Banorte plans early 2017 RFP
December 9, 2016 by
XXI is the most active Afore in terms of international mandates, having announced a USD 150 million mandate with Pioneer, new disbursements in its European mandate with BlackRock and Schroders, and, according to CIO Sergio Méndez, an upcoming RFP in early 2017.
Four Mexican Afores are preparing international mandates
September 28, 2016 by
XXI Banorte is one of four Mexican Afores actively soliciting RFPs from global managers or planning to do so in the short term. Sergio Méndez, CIO of XXI Banorte, said the Afore will analyze proposals for Asian and US mandates in October, and fund them by the end of the year.
Afores scaled back their foreign exposure in the first quarter
May 13, 2016 by
Turbulence in the first quarter forced Afores to refocus their investment portfolios toward strategies that give them higher returns and minimize volatility, BlackRock's Juan Hernández told Fund Pro Latin America.
Mexican Afores suffered a small drop in profits in 2015
April 8, 2016 by
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.
