November 16, 2016 - By Peter Erickson · 0 Comments
Mexico Fund Inc (NYSE:MXF) institutional sentiment decreased to 0.62 in Q2 2016. Its down -0.46, from 1.08 in 2016Q1. The ratio fall, as 8 funds opened new and increased holdings, while 13 sold and reduced stakes in Mexico Fund Inc. The funds in our partner’s database reported: 2.14 million shares, down from 2.19 million shares in 2016Q1. Also, the number of funds holding Mexico Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 8 Increased: 6 New Position: 2.
The Mexico Fund, Inc. is a non-diversified closed-end management investment company. The company has a market cap of $216.76 million. The Fund’s investment objective is to seek long-term capital appreciation through investment in securities, primarily equity, listed on the Mexican Stock Exchange. It currently has negative earnings. The Fund provides a vehicle to investors wishing to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.
The stock closed at $14.42 during the last session. It is down 17.13% since April 14, 2016 and is downtrending. It has underperformed by 21.81% the S&P500.
City Of London Investment Management Co Ltd holds 1.18% of its portfolio in Mexico Fund Inc. for 883,387 shares. Gramercy Funds Management Llc owns 73,883 shares or 0.52% of their US portfolio. Moreover, Sol Capital Management Co has 0.07% invested in the company for 12,579 shares. The Florida-based Thomas J. Herzfeld Advisors Inc. has invested 0.07% in the stock. Tocqueville Asset Management L.P., a New York-based fund reported 131,470 shares.#img1#
The Mexico Fund, Inc. (the Fund), incorporated on January 13, 1981, is a closed-end, non-diversified management investment company. Fund’s investment objective is to seek long-term capital appreciation through investment in securities, primarily equity, listed on the Mexican Stock Exchange. Fund invests at least 80% of its total assets in equity securities listed on the Mexican Stock Exchange. The Fund may invest up to 20% of its assets in issuers that are listed on the Mexican Stock Exchange, but which are organized outside of Mexico, provided each such issuer has a subsidiary organized in Mexico. The Fund’s investment advisor is Impulsora del Fondo Mexico, S.C. BBVA Bancomer, S.A. is the Fundâ€™s custodian.
More notable recent Mexico Fund Inc. (NYSE:MXF) news were published by: Marketwatch.com which released: “The Mexico Fund, Inc. Pays Distribution” on October 27, 2016, also Nasdaq.com with their article: “Mexico Fund, Inc. (MXF) Ex-Dividend Date Scheduled for October 14, 2016” published on October 13, 2016, Wsj.com published: “Fast-Moving Markets Propel ETF Trading After Trump Win” on November 13, 2016. More interesting news about Mexico Fund Inc. (NYSE:MXF) were released by: Bloomberg.com and their article: “Mexico’s Peso Plunges as Trump Victory Casts Doubt on Trade Ties” published on November 08, 2016 as well as Seekingalpha.com‘s news article titled: “4 Best-Ranked MFS Mutual Funds To Invest In” with publication date: November 16, 2016.
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By Peter Erickson