Foreign managers may help allocate assets on behalf of Mexican pension funds under new rules to be launched, Reuters reports. Mexico’s private pensions, Afores, are allowed to invest 20% of their around $118 billion in assets on foreign stocks and bonds. The new regulations will allow Afores to invite the most experienced money managers to help maximize returns, said the funds’ chief regulator, Pedro Ordorica. The move will help bridge the gap between large pension funds that have in-house investment teams with smaller Afores.
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