Assets in Mexican mutual funds jumped 32.5 percent to $73.3 billion (790 billion Pesos) in the 12 months ending in April, according to the AMIB. The Wall Street Journal's Fund Track
column reports that local industry insiders expect that growth to continue, eventually driving up assets by as much as 35 percent in 2007 in the 450 Mexican mutual funds. The growth is being fueled by a move from bank deposits to mutual funds.
Stay ahead of the news ... Sign up for our email alerts now