The Mexico Equity and Income Fund, Inc. (“the Fund”) maintains an investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The Fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.
The Mexico Equity and Income Fund, Inc., incorporated in Maryland, U.S.A. is registered under the U.S. Investment Company Act of 1940, as amended, as a closed-end, non diversified management investment company.
Since August 21, 1990 our common stock has traded on the New York Stock Exchange (the “NYSE”) under the symbol “MXE”.
The Fund’s investment objective is to seek high total return through capital appreciation and current income by investing at least 80% of the Fund’s assets in equity and convertible securities issued by Mexican companies and debt securities of Mexican issuers.
We invest substantially all of our assets in foreign securities of Mexican issuers. Investing in the Mexican financial markets presents political, regulatory and economic risks which are significant and which may differ in kind and degree from the risks presented by investing in the U.S. financial markets. Some of these risks may include changes in foreign currency exchange rates or controls, greater volatility, differences in accounting standards and policies, and in the type of nature of disclosures required by Mexican issuers, substantially less liquidity, controls on foreign investment, and limitation on repatriation of invested capital. Our exposure to developing county financial markets may involve greater risk than a portfolio that invests only in developed country financial markets.
The Fund’s shares have traded in the market above (at a premium), at, and below (at a discount) the net asset value per share (NAV) since the commencement of the Fund’s operations. Generally, shares of closed-end investment companies, including those of the Fund, trade at a discount from NAV. To see latest figures of discount or premium, please go to the Price and Performance page.