other material
confidence high
sentiment neutral
materiality 0.40
Mexico Fund Feb. NAV $20.18, discount 17.64%; YTD NAV +15.09%
MEXICO FUND INC
- Total net assets $302.74M; NAV $20.18; market price $16.62; discount 17.64%.
- No shares repurchased in Feb.; Managed Distribution Plan of $0.20/quarter continues.
- Monthly NAV -0.25% (MSCI Mexico +0.11%); YTD NAV +15.09% (MSCI Mexico +16.99%).
- Top holdings: América Móvil 13.01%, Fomento Económico Mexicano 10.06%, Banorte 10.03%.
- Banxico raised rate to 11.00%; Mexico GDP +3.1% in 2022; Q4 2022 sales +8.9% YoY.