Mexico’s Pensions Eye Higher Foreign Limits

Mexico’s Pensions Eye Higher Foreign Limits

Mexico Funds

The limit of investments in foreign assets should open up from current 20% restrictions, Afore XXI-Banorte CIO Ignacio Saldana tells LatinFinance. “We think this limit should be higher and we estimate 40% would be attractive,” he says. At the current limit, Afore XXI-Banorte prefers to use the foreign asset space to invest in global equity, because debt has not represented much upside in countries and sectors globally in which it is currently allowed to invest. “We are comfortable with our portf

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