other material
confidence high
sentiment negative
materiality 0.40
Mexico Fund NAV down 5.5% in Oct; discount widens to 20.44%
MEXICO FUND INC
- NAV per share fell 5.5% to $17.61; market price dropped 5.69% to $14.01 (Oct 2024).
- Fund underperformed MSCI Mexico Index (-4.57%) with NAV down 5.47% and market price down 5.69%.
- Top 10 holdings represent 67.04% of net assets; top is Grupo Financiero Banorte at 11.76%.
- Quarterly distribution of $0.22 per share unchanged under Managed Distribution Plan.
- Total net assets $260.18M; no shares repurchased during October.