My Blog List

Monday, June 13, 2011

Afores (Pension Funds) Now Allow Outside Managers


The Mexican pension fund system
is going through a revolution, paving the way for greater opportunities for asset managers.

In March 2011, Consar, the Mexican pensions regulator, released a directive that allows pension schemes (Afores) to employ external managers to look after a portion of their assets.

This must come as good news for the asset management industry, considering that Mexican pension funds have now roughly $120bn of assets under management, corresponding to 10 per cent of Mexico’s gross domestic product.

Source: The FT

No comments:

Post a Comment