Business · Markets · 1 hr ago
Mexican Afore savings post gains for third straight month
Workers’ retirement savings in Mexico are held in Afores, private retirement savings funds.
In October, those funds recorded gains of 209.4 billion pesos, their third month of gains in a row.
That brought gains in the first 10 months of 2026 to 700.4 billion pesos, according to Mexico’s retirement savings regulator, Consar.
The funds had lost 417.3 billion pesos in March after the war in Iran began, and lost another 92.8 billion pesos in July.
Consar said the recent gains reflect a pattern in which losses are followed by gains, and gains have lasted longer over time.
Returns account for 58.5% of the 9.3 trillion pesos managed by the system, making investment performance a major part of workers’ savings.
Afore industry head Guillermo Zamarripa expects slight gains in the final quarter, and hopes the year will end with positive returns.
Mexican workers’ Afore savings recorded gains for a third consecutive month in October, the National Commission for the Retirement Savings System (Consar) reported.
The savings rose by 209.427 billion pesos in October, the third-largest monthly gain of 2026.
Gains in the first 10 months of the year totalled 700.384 billion pesos.
Consar president Julio César Cervantes said the results showed the resilience of the retirement savings system amid financial volatility and international market adjustments.
Amafore president Guillermo Zamarripa said he hoped the savings would post slight gains in the fourth quarter and end 2026 with positive returns.
- Who
- Workers with savings in Mexico’s Afores, the country’s retirement savings funds.
- What
- Their savings recorded gains of 209.427 billion pesos in October, extending the run of monthly gains to three months.
- When
- October 2026; the report was published on November 10, 2026.
- Where
- Mexico.
- Why
- Not stated
This story does not have two clearly opposing sides.
Afore savings recorded losses of 417.321 billion pesos after the start of the war in Iran.
Returns were higher in each of these months than October’s gain.
Afore savings recorded losses of 92.763 billion pesos.
Savings recorded gains of 209.427 billion pesos for the third consecutive month.
- October gains
- 209.427 billion pesos
- Gains in first 10 months of 2026
- 700.384 billion pesos
- March losses
- 417.321 billion pesos
- July losses
- 92.763 billion pesos
- Share of system’s assets represented by returns
- 58.5% of 9.3 trillion pesos
What people are saying
the result of the gains at the end of October demonstrates the resilience of the Retirement Savings System
the periods of gains are much longer than the periods of losses
he hoped Afore savings could navigate the fourth quarter with slight gains, to close 2026 with positive returns accumulated over the whole year