Mexican schemes return 14.8% over first half of year

clock

MEXICO - The Mexican Association of Administrators of Retirement Funds (Amafore) recorded profits of 2.6% in June, achieving a cumulative average of 6.6% in annualised terms.

With the inclusion of the State Workers Social Security Agency (ISSSTE), returns from the country's pension fund vehicles (Siefores) put Amafore at 282,000m pesos at the end of the first half of 20...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Mexico

Two Mexican pension funds to merge

MEXICO - Mexican bank Grupo Financiero Banorte SAB has agreed to merge its pension fund with Afore XXI, the pension fund half owned by the Mexican Social Security Institute (IMSS) and Prudential.

clock 18 August 2011 •

Principal Group to buy HSBC's Mexican pension business

MEXICO - The Principal Group will acquire HSBC's Mexican pension fund business for $198m.

clock 12 April 2011 •

Mexico to allow outside firms to help manage worker pensions

MEXICO - Mexico will allow pension operators to hire third-party firms beginning in May to help manage their investments, the chief of the country's retirement-fund regulator said.

Thomas Black at Bloomberg News
clock 11 April 2011 •
Trustpilot