Monthly UpdateMay 7, 2026, 08:33 AM
Mexico Fund Reports April 2026 NAV +1.57%; Assets $355.47M
AI Summary
The Mexico Fund, Inc. furnished its Monthly Summary Report for April 2026, detailing its investment performance and market conditions. As of April 30, 2026, the Fund reported total net assets of $355.47 million and a NAV per share of $24.65, trading at a 14.24% discount. While the Fund's NAV increased 1.57% for the month, it underperformed its benchmark, the MSCI Mexico Index, which rose 2.28%. The report highlighted positive global equity markets and strong Q1 2026 financial results from Mexican-listed companies, alongside Mexico's commitment to fiscal consolidation.
Key Highlights
- Total Net Assets reached $355.47 million as of April 30, 2026.
- NAV per share was $24.65, with a closing price of $21.14, resulting in a 14.24% discount.
- MXF NAV increased 1.57% for April 2026, underperforming the MSCI Mexico Index's 2.28% gain.
- Year-to-date, MXF NAV rose 9.68%, while the MSCI Mexico Index increased 10.69%.
- Top ten holdings constituted 67.62% of net assets.
- Mexico's Q1 2026 preliminary GDP increased 0.2% annually.
- Mexican-listed companies reported Q1 2026 sales up 2.5% and EBITDA up 9.2%.
- Government expects public sector requirements to decrease to -4.1% of GDP in 2026.
Price Impact
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