Mexican funds assets grow

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MEXICO - Total assets managed by Mexican pension funds increased by 10.7% year-on-year, reaching MXN970.11bn (US$74.6bn) at the end of the first quarter of 2009, data by CONSAR show.

The Mexican pension fund watchdog said this amount comprised MXN956.3bn of compulsory retirement savings, MXN4.4bn of voluntary retirement savings and MXN9.4bn of reserves the funds must invest in ...

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