Abstract

OLIVARES-AGUAYO, Héctor Alonso; MEDINA-CONDE, Ana Laura  and  APAEZ-PINEDA, Oscar Javier. Legal framework of Mexican pensions: Empirical analysis through structured financial products in the period 2018-2019. Pap. poblac [online]. 2020, vol.26, n.105, pp.183-217.  Epub Oct 11, 2021. ISSN 2448-7147.  https://doi.org/10.22185/24487147.2020.105.26.

The law establishes that in retirement management fund (AFORES) the money of the pension system savers is invested, seeking to obtain the highest possible returns, however, currently these returns can be negative, therefore, the general objective of the research propose as an alternative the total investment of the resources for each SIEFORE in structured financial products Put Spread and Call Spread considering the main invertible sector indices (Materials, Industrial, Financial Services and Consumer Products) as subyacent. The results show that by investing in this type of products the resources that are available in each type of SIEFORE, the profits obtained in the Materials Sector are better than those presented by CONSAR at the end of the first and second quarter of 2019, and for the other sectors, the returns was always positive.

Keywords : AFORE; labor law; social security; pensions.

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