Mexico Fund Industry Reaches Record Assets in 2025

The Mexican investment fund industry reached record levels in 2025, serving nearly 16.12 million clients and managing MX$4.916 trillion in net assets. According to year-end data from the Mexican Association of Securities Institutions (AMIB), assets under management rose 15.52% year over year, while the investor base expanded by 38.67% compared with December 2024.

This performance reflects a structural shift toward the formalization of savings in Mexico. Over a 12-month period, the industry added MX$660.275 billion in net assets and incorporated approximately 4.5 million new investors. Market analysts attribute this expansion largely to the continued digitalization of financial services, which has broadened access to investment products once limited to institutional and high-net-worth clients.

Asset Allocation and Investor Preferences

Investor behavior in 2025 showed a clear preference for liquidity and lower volatility. Debt instruments remained the backbone of the industry, accounting for MX$3.638 trillion, or 74.01% of total assets under management. Equity funds (renta variable) held the remaining MX$1.278 trillion, representing 25.99% of the market.

Both segments posted solid annual growth:

• Equity funds: Assets increased 16.30%, while the investor base grew 22.66%.

• Debt funds: Assets rose 15.24%, with a 39.73% expansion in the number of clients.
   

The faster growth in debt-fund participation suggests that new investors are prioritizing capital preservation. As financial sophistication increases, analysts expect gradual diversification toward higher-risk, growth-oriented strategies, including international equity exposure.

Democratization and Market Depth

In December 2019, Mexican investment funds served 2.52 million clients and managed MX$2.43 trillion in assets. By December 2025, the investor base had grown more than sixfold. This rapid “massification” has intensified the need for financial education and increased competition among the 29 active fund operators, particularly in fees, digital platforms and customer service.

Despite the sharp rise in participation, the structure of the market remained stable. Mexico ended 2025 with 633 active funds, a marginal annual decline of 0.16%. This indicates that growth has been driven mainly by the scaling of existing products rather than by the creation of new investment vehicles.

Client concentration remains heavily weighted toward debt products, which accounted for 15.23 million investors at year-end, compared with 885,460 investors in equity funds. This imbalance highlights a significant opportunity for cross-selling and portfolio diversification as the domestic investment market continues to mature.

M&A Market in Latin America

The Latin American mergers and acquisitions (M&A) market showed a shift toward higher-value transactions through November, as previously reported by MBN. While the total number of deals declined 3% year over year to 2,656, aggregate deal value rose 13% to nearly US$96 billion.

Mexico stood out in terms of capital concentration. Despite a 21% drop in transaction volume to 268 deals, total mobilized capital surged 76% to more than US$28.1 billion. This contrasted with broader regional trends: although Brazil remained the leader in both deal volume and value, other key markets, including Chile, Argentina and Peru, recorded double-digit declines in total deal value.