Monthly UpdateJun 5, 2026, 08:21 AM
Mexico Fund May 2026 Update: NAV +2.73%, Market Price +5.30%
AI Summary
The Mexico Fund, Inc. released its Monthly Summary Report for May 2026, detailing its investment performance and market conditions. The Fund's NAV increased 2.73% for the month, underperforming the MSCI Mexico Index's 3.19% gain, while its market price rose 5.30%. Key metrics include total net assets of $365.16 million and a NAV per share of $25.32, trading at a 12.09% discount. The report also highlighted Mexico's Central Bank cutting interest rates to 6.50% and a 0.4% annual GDP increase in Q1 2026, alongside a credit rating downgrade by Moody's and a negative outlook revision by S&P, though Mexico maintains investment-grade status.
Key Highlights
- Total Net Assets were $365.16 million as of May 31, 2026.
- NAV per share was $25.32 and the closing price was $22.26, resulting in a 12.09% discount.
- MXF Market Price increased 5.30% for the month and 14.12% YTD.
- MXF NAV increased 2.73% for the month and 12.70% YTD, underperforming the MSCI Mexico Index's 3.19% monthly gain.
- Mexico's Central Bank decreased its reference interest rate by 25 basis points to 6.50% in May 2026.
- Mexico's official GDP increased 0.4% annually during Q1 2026.
- Moody's downgraded Mexico's rating from 'Baa2' to 'Baa3' with a stable outlook, while S&P affirmed 'BBB' but revised outlook to negative.
- Top holdings include Grupo México (16.47%), Fomento Económico Mexicano (9.94%), and Grupo Financiero Banorte (9.70%).
Price Impact
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