Friday, December 7, 2012

Insurance - Mexico - Mexico Afores' AUM up 15.1% year-on-year in November

By Business News Americas staff reporters

Vote

0 votes

Related content

Companies / Entities

Keywords

Research Reports

Mexican private pension fund managers, known locally as Afores, saw AUM rise 15.1% year-on-year at end-November to 1.85tn pesos (US$143bn), local pension regulator Consar said in a report.

In the same report Consar said average returns on funds rose 11.6% over the last 44 months ending November.

Following pension rule changes in October, Afores operate four main pension vehicles, known as Siefores, assigned by age groups.

In the 44-month period Siefore 4 fund (ages 36 and below) led return growth at 13%, followed by Siefore 3 fund (ages 37-45) with 11.8%, Siefore 2 fund (ages 46-59) at 10.6% and Siefore 1 fund (ages 60+) with 9.18%, Consar said.

Why settle for this one story when you can access all our news? Sign up here for your free 15-day trial.

Source: http://feedproxy.google.com/~r/BusinessNewsAmericas-TopStoriesEN/~3/lNjWjsAg8Bo/mexico-afores-aum-up-151-year-on-year-in-november

keystone xl sopa bill sopa and pipa piracy sopa marg helgenberger censorship

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.