The growth of assets managed by the investment fund industry in Mexico continues to show double-digit annual rates. According to figures from the Mexican Association of Brokerage Institutions (AMIB), as of the end of April, this indicator posted a year-over-year increase of 24.3%. This marks the fourth double-digit increase so far this year, as detailed in a statement.
Measured on a monthly basis, the assets of Mexican investment funds grew by 1.64%, reaching 4.6 trillion pesos (228.35 billion dollars). Of that total, 3.2 trillion pesos (156.85 billion dollars) are invested in debt instruments, while 1.4 trillion pesos (75.5 billion dollars) are allocated to equities.
Undoubtedly, in the Mexican investment fund market, fixed income investment still holds overwhelming dominance and preference among the investing public, representing more than twice the amount invested in equities. However, this is also seen as an opportunity for market growth, the statement emphasized.
The number of investment funds operating in Mexico has remained relatively stable: during April, fund managers reported 634 investment funds, just two fewer than in March.
While fixed income dominates in terms of assets under management (AUMs), there is a greater number of equity vehicles. Out of the total, 380 funds are dedicated to equities, while 254 strategies are invested in debt instruments.
The number of total clients continues to grow month over month. During the referenced period, the assets managed by the industry came from 12.4 million total clients, representing an increase of 301,758 clients compared to January. This reflects a 2.48% growth over the last three months.
Analysts have noted that the market’s growth remains solid, though there are also signs of caution given the current context of the Mexican economy. In that regard, their expectations for the remainder of the first half of the year remain similar to those at the start of the year, while waiting to shape the outlook for the second half.
