The Mexico Fund, Inc. Reports Earnings Results for the Full Year Ended October 31, 2019
December 18, 2019 at 09:02 am EST
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The Mexico Fund, Inc. announced earnings results for the full year ended October 31, 2019. For the full year, the company announced total revenue was USD 8.100 million compared to USD 0 a year ago. Net income was USD 12.405 million compared to USD 0 a year ago.
The Mexico Fund, Inc. (the Fund) is a non-diversified closed-end management investment company. The investment objective of the Fund is to seek long-term capital appreciation through investment in securities, primarily equity, listed on the Mexican Stock Exchanges. The Fund is focused on investing approximately 80% of its total assets in equity securities listed on the Mexican Stock Exchange. The Fund may also invest in fixed-income securities and bank time deposits of Mexican banks, all of which are peso-denominated and may be dollar-linked. The Fund may also invest in dollar-denominated deposits and dollar-denominated investments, such as United States treasuries, United States agency securities, agency mortgage-backed securities and Mexican sovereign debt. It invests in various sectors, including airports, auto parts, beverages, chemical products, building materials, and consumer products, among others. The Fundâs investment advisor is Impulsora del Fondo Mexico, S.C.
THE MEXICO FUND, INC. 
