Overview
- In March 2026 the retirement funds logged a 417,321 million peso paper loss, the largest on record, leaving the quarter down 110,596 million pesos in a system that manages about 8.3 trillion pesos.
- Consar reported a quick rebound, with gains of 377,043 million pesos through April 14 that begin to offset March’s slump.
- The regulator linked the drop to the Middle East conflict, which pushed up oil, gas and fertilizer costs and drove interest-rate moves that cut asset prices worldwide.
- Officials warned savers not to switch Afores or take partial withdrawals during volatility because doing so would turn a temporary drop into a permanent hit to their pension.
- Afores lifted their allocation to Mexican listed stocks to 7.33% of portfolios in March, even as foreign investors pulled about 1.28 billion dollars from local equities.