Mexico Fund Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Columbia, md. , april 25, 2024 /prnewswire/ -- the mexico fund, inc. (nyse: mxf) announced that it will pay today a distribution of $0.22 per share in cash to stockholders of record as of april 17, 2024, according to the fund's managed distribution plan (mdp).

Columbia, md. , march 8, 2024 /prnewswire/ -- the mexico fund, inc. (nyse: mxf) announced that at its 2024 annual meeting of stockholders, stockholders re-elected ms.

Columbia, md. , march 8, 2024 /prnewswire/ -- the mexico fund, inc. (nyse: mxf), announced that the board of directors (board) declared a distribution of $0.22 per share to stockholders of record on april 17, 2024, which is payable in cash on april 25, 2024.

Columbia, md. , jan. 25, 2024 /prnewswire/ -- the mexico fund, inc. (nyse: mxf) announced that it will pay today a distribution of $0.22 per share in cash to stockholders of record as of january 17, 2024, according to the fund's managed distribution plan (mdp).

Columbia, md. , dec. 28, 2023 /prnewswire/ -- the mexico fund, inc. (nyse: mxf), today issued its fiscal 2023 annual report for the period ended october 31, 2023.

The Mexico Fund, Inc. aims for long-term capital appreciation through equities listed on the Mexico Stock Exchange. The fund has experienced a large discount to NAV, but this may present an opportunity for investors. Risks in the short term are emerging though due to currency movements and upcoming elections.

The Mexico Fund is a Mexican-focused CEF with a long history (43 years) and a strong management team led by a Mexican-based lawyer. MXF primarily invests in stocks listed on the Mexican Stock Exchange, but may shift towards fixed-income securities during defensive periods. MXF has a higher expense ratio compared to its ETF counterpart, but offers a compelling yield and stable distribution growth. The discount to its NAV is currently larger than average.

Mexico's nearshoring-driven stock price momentum has finally begun to fade. The crunch from higher US rates has also started to bite, and the closed-end Mexico Fund has not been spared. The pricey MXF is still on offer at a wide discount to its underlying net asset value, but I won't be buying this dip just yet.

When investors think of Bill Gates stocks, they inevitably come up with Microsoft (NASDAQ: MSFT ), the software company he co-founded with Paul Allen in 1975 in Albuquerque. However, as Gates has spent less time around Microsoft's business, the billionaire has significantly diversified his investment portfolio.

Mexican equities have further extended their outperformance this year. But not all of the upside has filtered through to Mexico Fund investors, as the wider NAV discount eats into more gains. With more near-term headwinds on the horizon as well, expect a tougher second-half environment for Mexican equities.

Periods of global instability create intriguing possibilities in emerging markets. Here are a few.

The actively managed Mexico Fund has lagged its benchmark across all timelines despite an elevated expense ratio. Mexican equities also screen expensively, having re-rated on 'nearshoring' hopes over the last year.

The MXF fund provides exposure to Mexican investments. The fund has a long operating history and has outperformed the MSCI Mexico Index on a 3/5/10 yr basis.

For the third month in four, equity CEFs (+5.60% on a NAV basis) on average witnessed positive performance. While their fixed income CEF cohorts (+4.08%) posted gains for the second month in three.

MXF's defensive qualities could be useful as risk-off conditions gather pace. The near-shoring narrative will likely drive FDI and capital formation.