- The Siefores managed by Afore SURA were once again recognized with a Morningstar Silver Medal Ranking, the highest awarded this year to Mexican Siefores.
Mexico City, October 9, 2023. For the fifth consecutive time, the Siefores managed by Afore SURA obtained the Silver Medal Ranking, the highest awarded this year to Mexican Siefores by Morningstar, a leading provider of independent analysis and opinion services.
The Morningstar Silver Medal Ranking shows the ability of Siefores to outperform their competitors over time, considering the level of risk assumed. In this regard, the analysts considered that "the approach of the Afore SURA team is well accredited, with an endorsed investment approach and with convincing long-term results".
"Team continuity is important to maintain the investment focus and illustrates the capabilities that SURA holds. Its deep ties to Latin America also benefit savers; the team has access to analysis across multiple markets and can share best practices with a broad investment team," says the report, which emphasizes that the talent of Afore SURA's management team stands out within the industry.
Morningstar uses the qualitative Morningstar Medal Standings fund methodology, to evaluate Siefores, based on a comprehensive assessment of five basic pillars for a fund's superior performance: People, Process, Manager, Performance and Price. In turn, the Morningstar Medal Rating is assigned on a five-level scale, from Gold to Negative, of which Gold, Silver and Bronze indicate that analysts have a positive view of the outlook of a Siefore.
"Afore SURA is proud to receive this recognition for the fifth time. Once again, the endorsement of a Morningstar Silver Medal Ranking reflects the consistency of our investment process, the quality of our service and the trust that more than 7 million clients have placed on us, which encourages us to always seek the best returns for them," said Emilio Bertrán, CEO of Afore SURA.
Afore SURA works every day to help people obtain a better retirement pension plan and act now to achieve it. Through industry recognitions, such as the one awarded year after year by Morningstar's Manager Research Group, the company continues to demonstrate its commitment to offering the best service and accompanying its clients to achieve their financial dreams and goals through comprehensive advice and different savings and investment solutions.
About Morningstar
Morningstar's Manager Research Group consists of several wholly owned subsidiaries of Morningstar, Inc., including, but not limited to, Morningstar Research Services LLC. Morningstar's Manager Research Group provides independent, fundamental analysis of managed investment strategies. Morningstar's views are expressed in the form of Morningstar Medal Rankings, which are derived from the analysis of three key pillars: people, processes, and management. The Morningstar Medal Rating is the summary expression of Morningstar's forward-looking analysis of investment strategies offered through specific vehicles, using a rating scale of Gold, Silver, Bronze, Neutral and Negative. A global research team issues detailed research reports on strategies spanning vehicles, asset classes, and geography. The Medal Rankings are not statements of fact, nor are they credit or risk ratings, and should not be used as the sole basis for investment decisions. A Medal Ranking is not intended to be and is not a guarantee of future performance. This press release is for informational purposes only; References to securities should not be considered an offer or solicitation to buy or sell the securities.
Press Contacts:
SURA AM México
Jacqueline Briones
[email protected]
Carral Sierra
Lucía Jiménez
[email protected]
