$ 133 billion company strengthens Mexico presence by adding to list of Afores fund providers


Mexico’s pension fund trading organization Amafore has added its first fund from US asset manager PineBridge Investments to its list of approved products in which Afores pension fund managers nationwide can invest.

In the group’s latest monthly report updated on Thursday, the trading body also gave the green light to new strategies from Vanguard and GAM, including unique ETFs from First Trust, Global X, BlackRock and JP Morgan.

PineBridge had $ 133 billion in assets under management as of March 31, of which approximately $ 79 billion was focused on bond strategies,

Afores now have access to 126 international mutual funds from 33 asset managers and 365 ETFs from 20 managers, according to the latest report.

Amafore’s Specialized Analysis Center (CAE) publishes its list of approved funds and managers on a monthly basis. The unit was tasked with carrying out due diligence and mutual fund research processes based on criteria established by Mexico’s pension fund regulator, Consar.

The updated list of asset managers and their number of authorized mutual funds available to Afores is as follows:

Asset manager Approved mutual funds
Acadian asset management 1
AllianceBernstein seven
Amundi asset management 18
AXA Investment Managers 3
Baillie Gifford 2
Black rock 9
BNP Paribas asset management 1
Brown board 1
Columbia Threadneedle Investments 3
International loyalty 1
Franklin templeton 3
Goldman Sachs Asset Management International 4
Henderson Global Investors Limited 6
Invesco 2
JPMorgan Asset Management 3
Jupiter Asset Management 5
Group of men 1
Morgan Stanley Investment Management 5
Natixis investment managers 3
Ninety-one seven
NN Investment Partners 3
DDO BHF Asset Management 1
Pictet asset management 4
Pimco 1
PineBridge 1
Robeco 1
Schroder investment management 9
Price T. Rowe 1
UTI asset management 1
Avant-garde 6
Wellington management 4
Total 126

The full list of asset managers and their number of ETFs are as follows:

Asset manager ETFs approved
Amundi 11
DWS 25
First confidence 14
Franklin templeton 5
GlobalX 5
Goldman Sachs AM 3
Invesco 1
iShares 173
John hancock 2
JP Morgan 3
Krane actions 2
Nikko 1
Pimco 3
ProShares 1
Sherpa capital 1
State Street 36
Avant-garde 55
VanEck 2
Tree of wisdom 20
Total ETFs 365


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