MXF - MXF: Expect Consolidation For Mexico Stocks As Worries Emerge In 2024
2024-04-01 12:28:30 ET
Summary
- The Mexico Fund, Inc. aims for long-term capital appreciation through equities listed on the Mexico Stock Exchange.
- The fund has experienced a large discount to NAV, but this may present an opportunity for investors.
- Risks in the short term are emerging though due to currency movements and upcoming elections.
Mexico fund overview
The Mexico Fund, Inc ( NYSE:MXF ) is a long standing CEF that aims to achieve long term capital appreciation via equities listed on the Mexico Stock Exchange.
The Mexico Fund’s website tells us that the management team is very experienced and has overseen a respectable investment track record. Whist nominal returns over the last decade have been low, it has been a tough decade for Mexico stocks. The fund's NAV returns still exceed their benchmark over that time....
MXF: Expect Consolidation For Mexico Stocks As Worries Emerge In 2024