Afores Stock Picking Gains Momentum

Afores Stock Picking Gains Momentum

Funds

A regulatory change implemented this week that allows Afore managers greater latitude in equity investments may yield better valuations going forward, according to Citi. “It’s definitely a sigh of relief and an important landmark for the Mexican market,” Alonso Rios, analyst at Citi’s Accival local brokerage, tells LatinFinance. Consar, the body that regulates Mexico’s pension managers, implemented a change in the rules governing equity investments for the 5 classes of Afore funds. The latter ca

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial