In 2024, the Retirement Fund Administrators (Afores) generated returns of 556,758 million pesos (mdp), the best result for a year in the 27 years of the Retirement Savings System, the National Commission of the Retirement Savings System reported this Wednesday. Retirement Savings (Consar).
The organization reported in a statement that at the end of last year the capital gains were equivalent to 3,616.7 million pesos, which represented 53.4% of the assets managed by the Afores.
“In addition, one-year nominal yields were 9.53 and 4.84% in real terms. While the historical nominal yields were 10.44% on an annual average and 4.71% in real terms,” Consar reported in its monthly report.
He detailed that in 2024 SAR resources increased 14% to 6.8 trillion pesos, which represents 20.3% of GDP.
According to the organization chaired by Julio César Cervantes Parra, the capital gains in 2024 occurred thanks to the reform that the government of Andrés Manuel López Obrador decreed in 2020 and the sectors where the Afores invested.
In this sense, he pointed out that the workers’ savings financed the national productive sector with 1.878 million pesos, benefiting companies and projects of different sizes.
“Investment in infrastructure via private debt instruments and structured instruments (CKDS, FIBRAS and CERPIS) was 766,929 million pesos,” he noted.
He added that 100,997 million pesos were channeled into the roads and bridges sector (highways) and that 311,951 million pesos were invested in financing the energy sector.
“113,347 million pesos were invested in the productive companies of the State (PEMEX and CFE),” he highlighted.
It reported that the assets invested in foreign securities reached a figure of 1,025 million pesos, equivalent to 15.12% of the total balance.
Confidence in infrastructure projects
Recently Juan Manuel Valle Pereña, CEO of Afore Coppel, commented that in discussions with other directors of these institutions, the conclusion was reached that the Afores are the “natural partner” of the government, and that they will not hesitate to invest in 2025 in investment projects. infrastructure in the government of Claudia Sheinbaum.
He pointed out that the Afores’ investment in infrastructure occurs because it is a sector that returns “quite well”, up to 12 percent.
The president’s administration seeks, among other projects, to build at least 1 million homes during its six-year term, which could benefit the Fibras, one of the businesses where the Afores invest the most.
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