other material
confidence high
sentiment neutral
materiality 0.40
Mexico Fund (MXF) NAV +3.1% in Nov; discount at 14.76%
MEXICO FUND INC
- NAV per share $22.69, market price $19.34; discount 14.76%.
- Total net assets $327.2M; quarterly MDP distribution unchanged at $0.25/share.
- Top ten holdings 65.84% of net assets; Grupo Mexico largest at 12.79%.
- Banxico cut rate 25bp to 7.25%; Mexico Q3 GDP annual decline 0.3%.
- Fund outperformed: NAV +3.05% vs MSCI Mexico +2.96% in Nov; YTD NAV +41.88%.