other
confidence high
sentiment neutral
materiality 0.35
The Mexico Fund September NAV up 8.7%, discount narrows to 13.14%
MEXICO FUND INC
- NAV per share $22.68, market price $19.70; discount 13.14% as of Sep 30.
- September NAV return +8.7% underperformed MSCI Mexico Index +10.0%.
- Managed distribution unchanged at $0.25/quarter; no shares repurchased in Sep.
- Top holdings: Grupo Mexico (12.27%), Banorte (11.70%), FEMSA (10.85%).
- Banxico cut rate 25bps to 7.50%; S&P reaffirmed Mexico BBB/stable outlook.