Peter Fisher, leader of the global initiative for the withdrawal of BlackRock, stressed that Mexico is in a privileged situation as it is a country relatively young
which makes it a focus of attraction for global investors given the potential it has for the future.
During his speech at the Amafore 2022 Meeting, the director of the world’s largest fund manager pointed out that in an environment of high volatility in the markets like the current one, financial institutions must inspire confidence so that people allow them to manage their money .
He explained that in terms of pensions, the behavior and savings of workers is linked to the trust they feel in the institutions that manage their resources.
With regard to Mexico, he confirmed that the challenge is precisely to work on trust, given that although it is a fact that Mexicans do not save on their own for retirement, this is a product of the fact that they do not trust the Afores, which is not It is something exclusive to this country, since distrust in these figures is a common denominator throughout the world.
In a separate panel, Joseph Nelesen, Senior Director of Index Investment Strategy at S&P Dow Jones Indices, and Erik Norland, Senior Economist at CME Group, discussed the economic outlook and the market impacts of inflation and the level of interest rates. , as well as economic growth, highlighting that in times of volatility the actors who earn more and lose more in the financial sector change completely.
The keynote address was given by Francis Fukuyama, a political analyst, writer and professor at Stanford University, who pointed out that, due to the inequities caused by neoliberalism, today Latin America has left-wing populist governments, while in Europe there have been populisms from right.
Blockchain, the future
Elsewhere, Jenny Johnson, global president of Franklin Templeton, noted that technology blockchain it has the potential to become a massive innovator for the traditional financial services industry, to the extent that its implementation would allow greater oversight of investments.
However, adequate regulation is necessary, which will help make it work better for investors.
The blockchain It is a technology that can be defined as a mathematical structure to store data in a way that is almost impossible to falsify, which is used, for example, by different cryptocurrencies, such as bitcoin.
“The blockchaine It is a complicated space in which we probably will not see payments in around five years, but we must understand it to make sure we develop products that make sense, ”said the president of the investment fund that manages 1.4 trillion dollars worldwide.
In this sense, he emphasized that advances in technology are allowing the customization of investment strategies.