Overview

• September delivered 189.5 billion pesos in gains, the strongest month of 2025, according to Consar.
• Year‑to‑date gains are 49% higher than the same period in 2024 and already 69% above the total for all of last year.
• The regulator points to active participation in corporate debt and bond price tailwinds as key drivers for long‑term portfolios.
• April was the only negative month, with a 31,674 million peso loss before markets rebounded from May onward.
• Consar anticipates assets under management will exceed 8 trillion pesos by year‑end, supported by investment returns and higher mandatory contributions from 2020 reforms.