Barclays PLC (BCS), BlackRock Inc. (BLK), Deutsche Bank AG (DB)
and Schroders PLC (SDR.LN) are among the firms interested in
managing commodities investments for Mexican pension funds,
Bloomberg News reported Tuesday.
Mexican pension funds, known as Afores, will be able to invest
in commodities following regulatory changes announced last
year.
"We've seen globally a great deal of interest in this phase,"
Philippe J.J. Comer, head of commodity structuring for the Americas
in Barclays, told Bloomberg.
Spokesmen for Deutsche Bank, BlackRock and Schroders didn't
respond to requests for comment, Bloomberg reported.
Mexico's pension funds have 1.57 trillion pesos ($123.5 billion)
under management, according to the Bloomberg report, which said the
pension funds may invest from 5% to 10% of some of their portfolios
in commodity-linked securities.
Full story at
http://www.bloomberg.com/news/2012-02-14/barclays-blackrock-vye-for-up-to-9-3-billion-of-mexican-pension-funds.html
-Dow Jones Newswires; 212-416-2900