Wellington Management became the 13th asset manager in having international mutual funds highlighted by the Mexican Pension Funds Association, the Amafore, as funds the Afores could invest in.
As the Amafore confirmed to Funds Society, there are already 60 funds from which Afores can choose from, for diversification purposes.
The Boston firm, whose distribution in LatAm and Mexico is in charge of Compass Group, had already been selected in 2014 to receive a commodity investment mandate, by the then called, Afore Banamex.
The current list of authorized managers consists of:
- Franklin Templeton
- Janus Henderson
- Morgan Stanley
- Wellington Investments
Founded in 1928, Wellington Management is one of the largest independent investment management firms in the world. It has more than 1.1 trillion dollars in assets under management and operations in more than 60 countries.