Mexican pension funds navigate the storm
MEXICO - Mexican pension funds posted average net results of 4.47% for the last three years despite heavy losses in worldwide stock markets during the last year, statistics by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR) have revealed.
The pension watchdog also indicated the value of pension assets managed by pension fund administrators increased by 2.8% from MXP937bn (US$67bn) to MXP964bn (US$69bn) in the first 15 days of 2009. CONSAR...
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