Regulator Widens Choice For Afores

Mexico’s pension regulator, Consar, has given the go ahead to the country’s pension funds (Afores) to invest in the local IMC-30 index of mid-cap stocks. It was only last year that the funds were allowed to buy equities and foreign bonds to hold in their investment portfolios. They represent one of Mexico’s largest group of institutional investors and held $61 billion of assets under management as at the end of August.