Afores missing out with HY aversion, says Senda CEO

Afores missing out with HY aversion, says Senda CEO

Bonds

Mexican pension fund managers should be more willing to invest in high yield bonds, Grupo Senda’s chief executive has told LatinFinance. The ground transport company found local markets effectively closed to it when it considered financing options at the start of the year because Afores limit their investments to top-rated bonds, said Jose Manuel Contreras. “There’s this empty space [in Afore’s portfolios] that can easily be filled with Mexican high yield companies that have been doing well in t

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