Mexico Fund

The Mexico Fund is a non-diversified closed-end management investment company whose objective is long-term capital appreciation.

COLUMBIA, Md. , Dec. 13, 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 January 22, 2025, which is payable in cash on January 30, 2025.

THE MEXICO FUND, INC. DECLARES DISTRIBUTION

The outlook for earnings in local currency terms is stable because of Mexico's stable economy and also because of the outcome of the latest elections. The Mexican peso can depreciate next year, which is the biggest threat to the fund's return. MXF is currently trading at a hefty 22% discount to its NAV. Such a large discount is unusual for the fund.

Mexico Fund: Attractively Valued With A Stable Outlook In MXN Terms

COLUMBIA, Md. , Oct. 30, 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 October 22, 2024, according to the Fund´s Managed Distribution Plan (MDP).

THE MEXICO FUND, INC. PAYS DISTRIBUTION

Mexican equities have sold off post-election. While somewhat warranted, the extent of the selloff seems excessive. Despite its flaws, the steeply discounted Mexico Fund now offers an attractive risk/reward.

Mexico Fund: Tactical Play On A Relief Rally

COLUMBIA, Md. , June 25, 2024 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), today issued its fiscal 2024 Semi-Annual Report for the period ended April 30, 2024.

THE MEXICO FUND, INC. ISSUES ITS 2024 SEMI-ANNUAL REPORT

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Closed-end funds are like initial public offerings in that, an initial share amount is sold to the public. With a few exceptions, they are then “closed” to new capital, which explains where they get their name.

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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.

MXF: Expect Consolidation For Mexico Stocks As Worries Emerge In 2024

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.

THE MEXICO FUND, INC. ANNOUNCES RESULTS OF ITS ANNUAL MEETING OF STOCKHOLDERS

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.

MXF: Don't Get Too Excited

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. ISSUES ITS 2023 ANNUAL REPORT

COLUMBIA, Md. , Dec. 14, 2023 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF) announced that the Board of Directors (Board) increased the Fund´s quarterly distribution from $0.20 per share to $0.22 per share, representing an increase of 10.0% and a 5.0% annualized distribution rate relative to its market price as of November 30, 2023.

THE MEXICO FUND, INC. ANNOUNCES AN INCREASE IN ITS QUARTERLY DISTRIBUTION AND DECLARES DISTRIBUTION

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.

MXF: Caution Still Warranted Despite The Wide Mexico Fund Discount

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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.

MXF: Fade This Mexican Fund's Record NAV Discount

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COLUMBIA, Md. , June 27, 2023 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), today issued its fiscal 2023 Semi-Annual Report for the period ended April 30, 2023.

THE MEXICO FUND, INC. ISSUES ITS 2023 SEMI-ANNUAL REPORT

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.

MXF: Beware The 'Nearshoring' Optimism In Mexican Equities

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.

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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.

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COLUMBIA, Md. , Dec. 22, 2022 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), today issued its fiscal 2022 Annual Report for the period ended October 31, 2022.

THE MEXICO FUND, INC. ISSUES ITS 2022 ANNUAL REPORT

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

Mexico Fund: Favorably Positioned

COLUMBIA, Md. , Oct. 28, 2022 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF) announced today that the Board of Directors of the Fund (the "Board" of the "Fund") and Impulsora del Fondo México, S.C.

THE MEXICO FUND, INC. ANNOUNCES THE RENEWAL OF ITS EXPENSE LIMITATION AGREEMENT

COLUMBIA, Maryland , June 24, 2022 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), today issued its fiscal 2022 Semi-Annual Report for the period ended April 30, 2022. A full version of the report is available at the company´s website – www.themexicofund.com Semi-Annual Report 2022 Highlights During the first half of fiscal year 2022, the Fund's NAV per share and market price registered a total return of 2.95% and 3.04%, respectively, outperforming the Fund´s benchmark, the Morgan Stanley Capital International ("MSCI") Mexico Index, which increased 2.84%.

THE MEXICO FUND, INC. ISSUES ITS 2022 SEMI-ANNUAL REPORT

COLUMBIA, Maryland, Dec. 22, 2021 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), today issued its fiscal 2021 Annual Report for the period ended October 31, 2021. A full version of the report is available at the company´s website – www.themexicofund.com Fiscal 2021 Highlights During the Fund's fiscal year 2021, the Fund NAV per share and market price recovered sharply, registering a total return of 40.26% and 46.07%, respectively, while the Fund´s benchmark, the Morgan Stanley Capital International ("MSCI") Mexico Index, increased 46.60%.

News for Mexico Fund ETF (MXF)