the Afore of Mexico were analyzed by Morningstar, a leading provider of investment analysis. The Afore were classified on a qualitative scale that indicates the ability to obtain long-term superior performance, adjusting the risk that incur. In this study, no Afore that operates in Mexico reached the Oro.Con an innovative system of classification, Morningstar assessed the main investment funds in the world. This scale consists of five levels, gold, silver, bronze, Neutral and negative.
None of the Afore that operates in Mexico reached gold in analysis of Morningstar.
In the analysis that the firm made several fundamental pillars for the good performance in the investment of resources benefits of workers, no Afore it reached the Oro.evaluacion of the Afores of Mexico this year, was an administrator (SURA) rated in category silver, two bronze (Citibanamex and Profuturo) category, four in the category Neutral (XXI-Banorte, Azteca, Invercap and main) and three (Inbursa, Coppel and Pensionissste) in the negative category, in an analysis conducted by Morningstar, a leading provider of investment analysis. No Afore attained Gold. “The ratings reports presented by Morningstar are a very useful tool to detect strengths and main areas of opportunity of each Afore, based on expert knowledge in funds with more than 30 years of” experience in international markets; also contribute to foster continuous improvement and competition between the Afore”, quoted in a statement Consar. This is the second year that Morningstar makes this classification for the Afore. With regard to the results of 2017, two managers improved their position (SURA and Azteca), two of them decreased their place on the scale (Inbursa and Pensionissste) and the rest remained in the place in which were the previous year. Afore Sura in 2018, the classification of SURA was revised upward, from bronze to silver, thanks to the improvement in the pillar “Administrator”, which went from neutral to positive. SURA should be good classification to the sophistication of its process and its experienced investment team, in addition to having more tools for the management of assets than several competitors. The Commission charged is located in the middle sector and is not an advantage. Afore Citibanamex 2018 maintains classification bronze mainly due to its solid investment process and its stable investment team. His investment process is based on the value in the long term and is less tactical of SURA, however, exceeded its competitors in yields in the past decade. The weakness of Citibanamex resides in the Commission charged, only slightly less than the average though it second Afore.Afore Profuturo keeps the bronze classification since it has consistently placed in the first and second quartile of performance with respect to its competitors in the past five years. Such performance is the result of a solid and sensible investment process and a large team of investment. However, the Commission charged is located in the middle sector and no advantage. Afore XXI Banorte maintained a rating of Neutral since the good aspects of this Afore not have translated clearly into benefits for savers, since it keeps a Commission in the industry average without stand out by their yields. To handle a large number of assets and have a wide experience in the sector, 21st Banorte could reduce their costs and have a superior investment process. In this sense, although from 2016, there have been positive changes in the process, it is too early to improve the perspective of their performance. Afore main remained in Neutral classification. Last year it acquired Afore Metlife, which should allow you to improve your performance; However, it is too early to predict the success of your team and investment process. Your investment team has changed during the year, with a new director of allocation of assets in 2017 and 2018 investments. Also, efforts have been made the improvement of the investment process from 2014. So far they are usually located in the average performance of the industry, despite which handled one of the highest commissions. In this note: Investment Fund for Afore rating removal what the best afore?
Analysis
