These Were Some Of The Worst CEFs Of 2024 [Forbes]
Mexico Fund, Inc. (The) (MXF)
US:NYSE Investor Relations:
themexicofund.com
Company Research
Source: Forbes
getty This has been a great year for stocks—and a great year for our 8%+ yielding closed-end funds (CEFs), too. That makes sense: Many CEFs invest in stocks, and many more hold bonds issued by publicly traded firms, so what's good for stocks tends to be good for CEFs. When we look at the proprietary indexes we use to track CEFs at my CEF Insider service, we see that the equity sub-index has done the best, with a 21% year-to-date total return. Corporate bonds are second at 14.3%. Municipal bonds, known for lower volatility and risk, have gained a bit less, as you'd expect, at 6.6%. Foreign assets are up 9.4%. So on the whole, CEF investors have done well across the board, and the high yields—an average of 8.2% across the space—sure haven't hurt, either! Even so, there are some CEFs that are down this year. Since 2024 has seen growing profits pretty well everywhere, it's worth looking at why those funds have slumped. Looking at weaker funds can benefit us in a couple of way
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News
- THE MEXICO FUND, INC. ISSUES ITS 2024 ANNUAL REPORT [Yahoo! Finance]Yahoo! Finance
- THE MEXICO FUND, INC. ISSUES ITS 2024 ANNUAL REPORTPR Newswire
- THE MEXICO FUND, INC. DECLARES DISTRIBUTIONPR Newswire
- Mexico Fund: Attractively Valued With A Stable Outlook In MXN Terms [Seeking Alpha]Seeking Alpha
- THE MEXICO FUND, INC. PAYS DISTRIBUTIONPR Newswire
MXF
Sec Filings
- 1/8/25 - Form 8-K
- 12/27/24 - Form N-CEN
- 12/26/24 - Form N-CSR
- MXF's page on the SEC website