other material
confidence high
sentiment negative
materiality 0.60
MXF NAV drops 10.9% in June as Mexican election triggers market sell-off
MEXICO FUND INC
- NAV per share fell 10.9% to $19.92; market price down 10.66% to $16.00.
- MSCI Mexico Index declined 11.0%; peso depreciated 7.1% vs. USD to Ps.18.32.
- Discount widened to 19.68%; total net assets $294.19 million.
- Top holdings: FEMSA (11.80%), Banorte (10.58%), Walmart Mexico (9.24%).
- Quarterly MDP distribution unchanged at $0.22/share; no shares repurchased.