Streetbeat News

MXF

The Mexico Fund, Inc.

https://www.themexicofund.com

Industry

Asset Management

The Mexico Fund, Inc. is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc. was formed in June 01, 1981 and is domiciled in Maryland, United States.

Open

13.53

Mkt cap

204M

Volume

125K

High

13.86

P/E Ratio

6.06

52-wk high

19.69

Low

13.53

Div yield

0.06

52-wk low

12.99

The Mexico Fund (MXF) is trading at a significant 22% discount to its NAV, which is unusual. The fund's earnings outlook in local currency terms is stable due to Mexico's stable economy and recent election outcomes. However, potential depreciation of the Mexican peso next year poses a risk to the fund's returns.

Portfolio Pulse from

December 08, 2024 | 9:00 am

Mexico's economy faces challenges with slowing GDP growth, rising inflation, and unlikely interest rate cuts, impacting investor sentiment. The iShares MSCI Mexico ETF (EWW) has seen modest performance compared to its Latin American peers, with concerns over Mexico's manufacturing slowdown and upcoming elections. However, Mexico could benefit from geopolitical shifts and increased investment from companies diversifying away from China, including significant investments by Tesla (TSLA) and others in Nuevo Leon.

Portfolio Pulse from Kenneth Rapoza

May 03, 2024 | 6:09 pm

The Mexico Fund, Inc. (MXF) has increased its quarterly distribution from $0.20 to $0.22 per share, a 10% hike. This increase corresponds to a 5% annualized distribution rate based on the market price as of November 30, 2023. The distribution is payable on January 25, 2024, to shareholders of record on January 17, 2024. The Fund's Managed Distribution Plan (MDP) will continue through 2024, with the Board retaining the right to amend or terminate the MDP. Since September 2008, MXF has distributed a total of $26.16 per share. The January 2024 distribution is estimated to be sourced from net investment income (56.81%), net realized short-term capital gains (7.63%), net realized long-term capital gains (30.53%), and return of capital (5.03%).

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:09 pm

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