EconomyA break for the Afores, they could have a...

A break for the Afores, they could have a better year in yields in 2023

The losses that the Afores have registered in the first eight months of 2022 may be overcome in 2023 if the economic and geopolitical perspectives improve.

From January to August, the Afores report losses of more than 304,000 million pesos (mdp), according to Consar data, and this behavior could be left behind next year as tensions between Russia and Ukraine ease, according to a .

“Despite the current circumstances, we hope that the negative impact will dissolve by the end of this year and that it can be reversed in 2023,” says the report released this Wednesday.

Why have the Afores had disabilities?

Moody’s highlights that the losses have come from price corrections in variable income instruments and valuation effects in both local and international debt instruments.

“Among the factors behind these losses are lower growth prospects, the conflict in Ukraine, the interruption of supply chains and the increase in interest rates both domestically and internationally,” he said.

Other pressures at the local level are inflationary pressures on nationally produced agricultural inputs and on energy prices derived from reconfigurations in global supply.

Returns of the Afores in 2023

The report indicates that for the losses of the Afores to overcome the bad year they are experiencing in 2022, there will need to be less uncertainty.

“The level of slowdown in the country’s economic growth, as well as the effectiveness in controlling inflation will be key in the next 12 months,” Moody’s said.

It was highlighted that despite this complex environment, the Afores continue to be the largest institutional investors and with the greatest flow of investment in the local market.

2022 is shaping up to be one of the worst years for Afores: Consar

The president of the Consar, Iván Pliego, says that given the volatility of the markets, it is expected that this year will close with losses.

Why it worries that the Ministry of Finance has proposed a growth of 3%...

The rating agency expects the Mexican economy to grow 1.0% by 2023, while the government estimates in the economic package that it will grow 3.0%.

Don't open the mail! Consar alert about messages of alleged withdrawals to the Afore

The apocryphal emails have the IMSS, Consar and SHCP letterheads, so users may think they are real, but they are not.

Would you settle for a pension of 6 thousand pesos a month? Beat inflation...

A 33-year-old worker, with a salary of 12,000 pesos per month, will have a pension of $6,300. And despite the rumors of an economic recession, there are good reasons to contribute voluntary savings to the Afore.

Afore withdrawals for unemployment add three months of growth

From January to July, unemployment withdrawals totaled 2,742.1 million pesos, 2.7% more than in 2021.

More