other material
confidence high
sentiment neutral
materiality 0.55
Mexico Fund March NAV $24.61, discount 14.95%; NAV down 5.42% amid oil price spike
MEXICO FUND INC
- NAV per share $24.61, market price $20.93 (14.95% discount); total net assets $354.84M.
- March NAV return -5.42%, outperforming MSCI Mexico Index -7.68%; YTD NAV +8.01%.
- Quarterly distribution remains $0.35/share under Managed Distribution Plan.
- Top holdings: Grupo Mexico 14.62%, Banorte 10.62%, FEMSA 10.42% (68% concentration).
- Mexico central bank cut rate 25bp to 6.75%; peso depreciated 4.0% to Ps.17.94/USD.