Afores returns to grow as investments diversify: Fitch

Afores returns to grow as investments diversify: Fitch

Funds

Mexican pension funds should post better returns in the future due to a more flexible investment regime and greater collaboration with international money managers, Fitch said on Tuesday. The net assets managed by Mexican pension funds administrators, the Afores, have increased almost fourfold since 2003 and exceeded MXN2bn ($150m) in October. They posted annual returns of between 0.46% and 3.23%, depending on their risk profile, in the period ending December 2013. Fitch expects sustained growth

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