other
confidence high
sentiment neutral
materiality 0.50
Mexico Fund March NAV up 6.81%, outperforms MSCI Mexico; Banxico cuts rate to 11.00%
MEXICO FUND INC
- NAV per share $23.68; closing price $19.22 (18.83% discount to NAV).
- March NAV return 6.81%, vs. MSCI Mexico Index 5.30%.
- Total net assets $349.86M; no shares repurchased during month.
- Quarterly distribution under MDP remains $0.22 per share.
- Banxico cut overnight rate 25 bps to 11.00% — first reduction since 2021.