Mexican funds up 5.5% in January

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MEXICO - The country's state pension fund (afores) posted average returns of 5.5% for the month of January, according to data released by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR).

The assets under management of the 15 afores rose to MXN1.16trn (US$90bn), from MXN1.12trn. The system's portfolios are heavily skewed towards domestic holdings, due to national regulations impo...

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