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MXE

Mexico Equity & Income Fund Inc.

https://www.mxefund.com/about.html

Industry

Asset Management - Income

Mexico Equity & Income Fund Inc. is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, S.A. de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the Mexbol and MSCI Mexico Index. Mexico Equity & Income Fund Inc. was formed on May 24, 1990 and is domiciled in the United States.

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Shares of stocks in the financial sector are down following recent economic data and in anticipation of the upcoming Federal Reserve decision. This movement affects a wide range of companies within the sector.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:44 pm

Shares of companies in the financial sector are down despite strong bank earnings, due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:40 pm

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