May 26, 2004
US markets will benefit from
regulatory changes in Mexico.
Mexican regulators have finally cleared the way for the country?s pension funds to begin investing in equities and foreign securities, taking two big strides toward building a more sophisticated and diversified asset management industry. The changes, which followed years of highly politicized negotiations involving the government, Congress, fund management firms and labor unions, relax controls over one of Latin America?s most tightly regulated pension fund systems.
Although regulators are sticking to their reputation for extreme ca
After seven years of being restricted to investing in Mexican bonds, the country's pension funds can now put their assets into equities and foreign securities.