Last updated: 09:31 / Tuesday, 9 July 2013
According to Consar data

Afores’ Resources Fell by 3.78% in June

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Afores’ Resources Fell by 3.78% in June

According to figures released by the National Savings System for Retirement (Consar), the SAR, “Sistema de Ahorro para el Retiro de México” (Mexican Retirement Savings System) had 1,919,494 million pesos (approx. 147 billion USD) under management as at the end of June.

These resources, belonging to over 49 million individual employee accounts, and which decreased by more than 75,000 million pesos (approx. 5.7 billion USD) or 3.78% compared to the balance as at the end of May 2013, generated historical returns for the system of 12.73% nominal annual average versus 13.07% in May, and 6.22 % in real terms during SAR’s 16 years in operation, a slight fall from the 6.49% recorded previously.

The performance of the past 12 months falls to 5.7%, while the system’s average net yield at 50 months equals 11.1%, and 10.20% at five years, which represents a slight recovery from the 9.87% of the previous month.

 

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