Afore SURA, business unit of our subsidiary SURA Asset Management in Mexico, received the Silver Morningstar classification, the highest awarded this year to the Mexican Siefores.
In their report, Morningstar analysts point out that the Company has "a big talent pool" and its team "inspires confidence that Afore's well-established investment process will persist".
According to the National Retirement Savings System Commission (Consar), the qualitative Morningstar scale assesses five pillars:
- People
- Administrator
- Process
- Performance
- Price
According to this analysis, Afores are classified into five levels: gold, silver, bronze, neutral and negative. This year, only SURA received the silver category. Citibanamez, Profuturo and XXI Banorte obtained bronze. Azteca and Principal were classified as neutral, while Inbursa, Coppel, Pensionissste and Invercap had a negative evaluation.
This classification describes the ability of the fund to obtain superior long-term return, adjusted for risk. Therefore, Afore SURA reiterates its commitment to its more than 7 million customers, to always protect and seek the best returns that allow them to build a better retreat.
