Afore CitiBanamex is one of the first fund managers that emerged from the country’s Retirement Savings System and is one of those that invests in practically all the assets and investment instruments that are authorized by the ecosystem’s investment regime, with a increased participation in government securities.
It is even one of the two administrators that invests in merchandise, allocating 1.43% of its assets under custody; the other that participates in this segment is Afore XXI Banorte, which allocates 1.01% of all the resources it manages.
Of the total resources that Afore Citibanamex has under custody, 55.57% is invested in government securities, such as bonds, Treasury Certificates of the Federation (Cetes) and bondes or Development Bonds of the Federal Government.
While the largest share it has in equities is in international markets, with 13.47%, and in national stocks it has allocated 4.53 percent.
In fibers, both real estate and infrastructure and energy, it has channeled investments that represent 3.12% of all the resources it manages and 6.95% in structured instruments, where the Development Capital Certificates (CKD) and Project Certificates are located. Investment (Cerpis).
Citibanamex’s Afore has 14.44% of its resources under management invested in national private debt and another 0.34% in international debt.
It was also a pioneer in including investment mandates in its portfolio. Under this scheme, it was wagered that a third specialized firm could invest the resources of the Afores in different markets around the world.
Among the mandates it launched is the one focused on the Asian market, which it gave to global asset managers BlackRock, Pioneer Investments, Nomura Asset Management and Wellington Management. It also gave another European equity mandate to global manager Schroders.