Mexican Afores Record Largest Monthly Loss of 417 Billion Pesos

In March, Mexican pension funds, or Afores, experienced their worst month in history, losing 417 billion pesos due to the Middle East conflict involving the US, Israel, and Iran. This loss wiped out all gains made so far this year, raising concerns about the economic impact of ongoing geopolitical tensions. Analysts advise patience during these volatile times and caution against transfers that could lock in losses for workers.