The Mexico Fund remains rated 'Hold' due to modest GDP growth, macro risks, and more attractive emerging market alternatives. MXF's 12.89% discount to NAV is near historical averages and does not provide a compelling entry point. The fund's managed distribution plan supports a 5.55% yield, slightly above historical averages.
Almitas Capital LLC reduced its stake in shares of Mexico Fund, Inc. (The) (NYSE: MXF) by 38.4% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,961 shares of the investment management company's stock after selling 126,719 shares