other_material
confidence high
sentiment neutral
materiality 0.50
Mexico Fund May NAV +5.49%, discount widens to 18.9%; $0.22 quarterly distribution maintained
MEXICO FUND INC
- NAV per share $20.53, closing price $16.65; discount 18.90% vs Apr's likely narrower level.
- YTD NAV return +25.36%, benchmark MSCI Mexico Index +28.02%; 1-year NAV -3.77%.
- Board maintains MDP at $0.22 per share quarterly; 46,684 shares repurchased in May.
- Banxico cut rates 50 bps to 8.50%; US appellate court reversed ruling that Trump tariffs were illegal.
- Top holdings: Fomento Económico 11.11%, Banorte 11.02%, Wal-Mart de México 9.74%.
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