MXE News and Press, Mexico Equity and Income Fund Inc. From 05/23/22

Looking to boost its economic profile in Asia and create another counter-balance to China, President Biden has unveiled a new U.S. strategy called the Indo-Pacific Economic Framework. Joining the deal are a dozen initial partners, including Australia, Brunei, India, Indonesia, Japan, Malaysia...

Discounts have been widening in the CEF space as volatility has been kicking up. The widening discounts have been creating more opportunities, but headwinds exist. We screen for several different metrics that bring up funds worth exploring further. For further details see: ...

15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results. Guggenheim mergers are completed. For further details see: Weekly Closed-End Fund Roundup: PCF, RIV Rights Offering Results, Guggenheim Merg...

MXE's rights offering concludes. This was a massively dilutive offering, especially for those not paying attention. Despite this, MXE is still a decently-performing fund for Mexican equities. For further details see: MXE's Rights Offering Concludes

The Mexico Equity and Income Fund, Inc. (“the Fund”) (NYSE: MXE) announced today that its non-transferable rights offering to purchase additional shares of its common stock expired on October 8, 2021. The Subscription Price was $8.90. The Fund has elected to fulfill al...

We view the U.S. Treasury yield spike as resolving a disconnect between the powerful restart and lower yields in recent months, and stay tactically pro-risk. U.S. 10-year yields jumped to the highest level in three months. Markets are prone to volatility, but ultimately we see yields ...

The Mexico Equity and Income Fund, Inc. (“the Fund”) (NYSE: MXE) announced today that the Expiration Date of its non-transferable rights offering to purchase additional shares of its common stock has been extended from 5:00 p.m., New York City time on October 1, 2021 to 5:...

Risks in many emerging markets (EMs) are driven by political instability or high external vulnerabilities, meaning there is little scope for systemic crises. Given this outlook, we believe there are opportunities in EM debt markets in Africa, the Middle East, and Ukraine. We expec...

Last year, we were looking at distribution changes due to the COVID pandemic sell-off. CEFs distribute out most of their earnings as distributions, so they pay relatively higher yields. However, relatively higher yields mean that any downturn is likely to cause distribution cuts. ...

Global real GDP reached a new high in the second quarter of 2021, completing a year-long recovery from the COVID-19 recession. The resilience of the global economy amid a lingering pandemic suggests that the world is learning to live with the COVID-19 virus. Western Europe's consu...