Mexico’s pension funds will have to disclose more details about their investment strategies, including listing a benchmark, under rules taking effect in August, the industry’s top regulator said.
“We’re asking that they clearly define their investment policy in their prospectuses -- what my investment philosophy is and what my benchmark is going to be,” Pedro Ordorica, president of the pension fund regulatory agency known as Consar, said in an interview today at a conference in Cancun.
The changes go into effect on Aug. 24 and the new information will have to be published on the pension funds’ websites, according to Ordorica. It will also appear on the Consar website after Sept. 1, he said.
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