MXF News and Press, Mexico Fund Inc. From 06/08/20

COLUMBIA, Md. , June 8, 2020 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), announced that at its quarterly meeting, the Board of Directors (Board) decided to temporarily suspend the Fund´s Managed Distribution Plan (MDP). Global financial markets have been severely affec...

By Kathy Lien At A Glance Mexico's economy is highly sensitive to the U.S., which makes its currency one to watch in a volatile environment. The peso maintains a high correlation to oil markets and can move with OPEC news In the world of emerging market currencies, the Mexican peso i...

Mexico's central bank cuts its benchmark interest rate to 5.5% , its lowest level since December 2016 and expects the country's economy to worsen in Q2 due to the COVID-19 pandemic. More news on: iShares MSCI Mexico Capped ETF, Mexico Fund, Direxion Daily MSCI Mexico Bull 3X ETF, Global n...

Within the Latin American (Latam) space, we do see the Mexican Peso (MXN) has been one of the worst performing emerging market currencies with a negative spot return of 32% at the point of writing since the start of the year. The negative economic outlook, political tensions in Brazil and risk...

Author's note : This article was released to CEF/ETF Income Laboratory members on March 30, 2020, and includes a rare reposting of our weekly commentary and actionable ideas. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements...

Author's note : This article was released to members on March 24, 2020, and includes a rare reposting of our weekly commentary and actionable ideas. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund se...

The Mexican peso dives 3.6%  against the U.S. dollar to 22.734 per dollar as the Federal Reserve's emergency rate cut failed to soothe the global financial markets. More news on: iShares MSCI Mexico Capped ETF, Mexico Fund, Direxion Daily MSCI Mexico Bull 3X ETF, Global news and fore...

In response to the global markets selloff, Mexico is increasing the size of a currency hedging program it started three years ago, in an effort to bolster the peso that hit a new historic low over 22 to the dollar in overnight trading after oil prices plummeted. More news on: iShares MSC...

Note: data from this article are from January 24 th , 2020. Dear CEF/ETF Income Laboratory members, I would like to welcome the new members who have joined us recently. As a reminder, our latest portfolio updates are here: The Tactical Income-100 Portfolio - December 2019 Report...

President Andrés Manuel López Obrador (AMLO for short) has been in power for nearly two years. He won the presidency of Mexico on the proclamation of left-winged populism and ending corruption within the Mexican state. This had led to market fears of an abrupt break with orthodox eco...