other material
confidence high
sentiment neutral
materiality 0.35
Mexico Fund reports Dec NAV up 8.9%, YTD return 38.1%, discount 18.88%
MEXICO FUND INC
- NAV per share $23.52, market price $19.08, discount 18.88%.
- Quarterly distribution of $0.22 per share under Managed Distribution Plan.
- YTD NAV total return 38.06% vs MSCI Mexico Index 40.70% (underperformed).
- Top holdings: FEMSA 12.1%, Banorte 11.87%, Grupo Mexico 9.42%.
- Mexican peso appreciated 2.4% to Ps.16.97; Banxico held rate at 11.25%.