In January 2026, Mexico's retirement funds known as Afores reported capital gains of 158,471 million pesos, demonstrating a positive start to the year. This figure comes after a record performance in 2025 and indicates the system's continued growth over the past months. However, it's important to note that this current capital gain shows a 7.8 percent decline compared to the 171,919 million pesos reported in January 2025.

The National Retirement Savings System (SAR) has noted that for the first month of 2026, the reported capital gains reflect an ongoing positive trend that began in 2025. Currently, the system has recorded nine consecutive months of capital gains, showing strong performance compared to earlier months. Notably, a significant increase over the previous month was observed as December 2025 had only recorded 25,452 million pesos in capital gains.

As the Afores continue to manage and grow their capital, these monthly reports hold considerable implications for investors and policymakers alike, as they shed light on the overall health of the Mexican retirement savings system. The consistent performance over recent months suggests resilience in the face of economic fluctuations, but the decline from last year may warrant closer scrutiny to ensure sustained investor confidence and support for retirement savings in the future.