MEXICO - The country's pension fund assets rose 22.8% in 2009 to MXN1.15trn (US$90.8bn), according to data released by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR).
Average returns for the year for the pension fund managers, known as Afores, were 4.9%.
In March of last year, the pension funds agreed to invest primarily in local securities in order to boost the economy during the financial downturn. (Global Pensions; March 19, 2009)
The pension fund managers' asset allocations reflect this move with 66.34% of total assets invested in government securities and 16.5% in domestic private sector debt. Nearly 9% is allocated to domestic equity, 4.15% to international debt and 4.02% in international equity, according to CONSAR.
Mexican pension funds have also been investing in infrastructure. Last week, infrastructure manager Macquarie announced seven pension funds have invested MXN3.42bn in the Macquarie Mexican Infrastructure Fund, representing 66% of the total assets under management. (Global Pensions; January 15, 2009)
The company touted the fund as the first peso-denominated fund focused on investments in Mexican infrastructure projects.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.