Afores Stock Picking Gains Momentum

Afores Stock Picking Gains Momentum


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

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