MXF News | Roxom Stocks

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MX

AUM

$291.1M

Volume

7.75K

Yield

6.82%

Chart Earnings News About Dividends Insider Filings

Cinco De "Ut Oh": Mexico Investors Face "Dead Money" Scenario As Economy Slows, And Rate Cuts Less LikelyBanxico’s survey of economists on May 2 has GDP falling to 2.26%, and inflation rising to 4.16%, meaning interest rate cuts likely on hold. ‘De-Risking’ from China seen as a long-term positive for Mexico. Mexico investors may be in for a volatile few weeks with the economy petering out even as inflation rises, casting serious doubts about interest rate cuts next week. Global investors who like the long-term view of Mexico may want to sit on the sidelines to see if the Mexican stock market tracks the macro trends of the country. The iShares MSCI Mexico (ARCA: EWW) ETF is up 12.45% over the last six months, clobbering large Latin American rival, the iShares MSCI Brazil (ARCA: EWZ), which rose just 2.45%. But year-to-date shows the EWW ETF struggling, approaching zero percent growth since January. Mexico has the third highest interest rate in Latin America at 11%, only Colombia (11.75%) and Argentina (50%) or worse. Banxico did cut rates on March 21 by 25 basis points, but the May 9 monetary policy committee meeting is unlikely to cut rates now that inflation is rising again. Banxico Deputy Governor Jonathan Heath said during the International Monetary Fund meetings in Washington DC in ...Full story available on Benzinga.comBenzinga · May 3, 2024

Income Portfolio - 38 CEFs Worth ExploringDividend-paying CEFs with positive NAV since inception now number only 38, which is less than 10%. Click here for a detailed analysis.Seeking Alpha · Oct 17, 2023

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Related Tickers

Earnings

Dividends

Ex Oct 21

Amount$0.35

PaysOct 29

Last · Jul 22Quarterly

Amount$0.35

Yield6.34%

Annual$1.30