Mexico Fund, Inc. (The) (MXF)

All Comments on MXF

  • commenter
    Ho Len Bao
    Sep 03 07:22 PM
    Emerging Markets With Low Valuations [view article]
    The Chinese internet B2B portals are where the action is in now.

    My favorite is MYST.OB. A Google partner.     Reply
  • commenter
    zawy
    Sep 03 09:34 AM
    Emerging Markets With Low Valuations [view article]
    Malaysia is a play similar to Brazil: they have oil and food, and one of the safest markets, comparable to australia and singapore. Reply
  • commenter
    mtp
    Sep 03 09:24 AM
    Emerging Markets With Low Valuations [view article]
    would be helpful to have a reference point for the US market to understand relative value. brazil looks interesting though. Reply
  • commenter
    bsharvy
    Aug 28 03:05 AM
    My Website
    Trading Closed-End Funds - An Update [view article]
    CET is certainly cheap, but there hasn't been any insider buying in a long time. It might be a good value, but it wouldn't qualify as a buy in this informal screening system.

    As for dividing vs. subtracting, the answer is that I don't know. It's just a different system. As calclay says, a ratio of discount/fee prioritizes low fees, compared to simply subtracting the fee from the discount.     Reply
  • commenter
    calclay
    Aug 20 04:49 PM
    Trading Closed-End Funds - An Update [view article]
    Why does it need to be a ratio, why not just track the discount % minus the fee %?

    Making it a ratio seems to distort the importance of the fee, no?     Reply
  • commenter
    George
    Spritzer
    Aug 19 04:20 PM
    My Website
    Fundamental Analysis for Emerging Markets [view article]
    MXF has annual tender offers where you exchange your MXF shares at NAV in return for Mexican securities. This is a good deal, since MXF sells at a double digit discount to NAV.

    But in order to do this efficiently, you need a large position (at least 100K) and use a broker who can sell shares on the Mexican stock exchange.     Reply
  • commenter
    George
    Spritzer
    Aug 19 04:16 PM
    My Website
    Trading Closed-End Funds - An Update [view article]
    Ben-

    What is your opinion of Central Securities (ticker CET)? It has a low expense ratio and high discount to NAV. Their top holding is Plymouth Rock which is private. It is a solid company, but the lack of liquidity might add to the CET discount.     Reply
  • commenter
    bsharvy
    Aug 05 11:49 PM
    My Website
    Trading Closed-End Funds - An Update [view article]
    Oops. In my comment above, I should have said discount/fee ratio.

    Kevintx is right about a nice feature of foreign funds. The Swiss Fund (SWZ) gives you access to Roche and Nestle, two blue chips that US investors can only trade in the Pink Sheets. The Swiss Fund also has a policy have not hedging currency, so it's an indirect way of buying the Swiss Franc (a traditional safe haven).     Reply
  • commenter
    bsharvy
    Aug 05 11:43 PM
    My Website
    Trading Closed-End Funds - An Update [view article]
    The "M.Star" column is the Morningstar rating. The "Insiders" column is my semi-subjective opinion of the strength of recent insider buying (3 is best).

    There's more detail about the system in the original article (this article is an update). Briefly, the fund never buys a CEF with a fee/discount ratio under 5 or no insider buying in the last year. Discounts have widened quite a bit since I first started testing the system, so now it is easy to find fee/discount ratios of 10 or more.     Reply
  • commenter
    kevintx
    Aug 05 10:02 AM
    Trading Closed-End Funds - An Update [view article]
    Discount / fees of 8 or more is a good value. Also some of the foreign CEFs have a bonus as the underlying securities are difficult or expensive to trade directly. Reply
  • commenter
    JCCIII
    Aug 05 09:03 AM
    Trading Closed-End Funds - An Update [view article]
    Very interesting. Ben, could you provide additional explanation of the meanings of the numbers under the Insiders and M.Star columns? Thanks. Reply
  • commenter
    Gary Lucido
    Aug 05 07:55 AM
    My Website
    Trading Closed-End Funds - An Update [view article]
    Yep. I've maintained myself that a portion of the discount on a closed end fund represents the discounted value of the expenses. Reply
  • commenter
    kaps
    Jun 27 02:12 AM
    Fundamental Analysis for Emerging Markets [view article]
    Inflation in Spore is 1%?? Check your stats again..it is nearly 6-7%. 0.5-1% is the central bank target. Reply
  • commenter
    zawy
    Jun 26 12:45 PM
    Fundamental Analysis for Emerging Markets [view article]
    Don't forget singapore. PE is 14, inflation is a shockingly low 1%, and growth is among the best. It's the new new york. A uniquely independent and mixed center of Asian business and culture and one of the most trusted markets in the world. Housing has always been expensive there and has not gone up much in the past 8 years. A fantastic place for the young and food lovers, it will continue to be a center of biomedical research and the business and cultural elite. What country has a better personality and looks so happily towards the future?

    Another bet similar to the Brazil play (good growth and net exporter of oil and food), Malaysia is in a similarly great situation with a 23% lower PE than Brazil and lower inflation and equal growth. Malaysia surprisingly (to me) has one of the most trusted markets in the world, better than Brazil and Australia. Malaysia also has better P/B and dividends. FSLR chose it as it's home for new high-tech solar plants. Also compare Malaysia to Thailand: similar PEs even after a recent 20% drop in Thailand, Thailand is oil-dependent, higher inflation, similar growth, less-trusted market, and current political risk. Only thing good about thailand is that it makes a lot of cars (for foreign companies) that could get sold to china.     Reply
  • commenter
    quality
    May 04 09:41 PM
    Morgan Stanley: What's Behind Mexico's Extraordinary Resilience? [view article]
    Interesting thesis that the current Mexican administration is underplaying the changes in energy policy to soften political opposition. Its a provacative observation and may well be true. I think by hook or by crook Mexico has gotten a good administration that is showing an impressive level of competence. Reply
Loading...
Symbols:
Authors:
Quick Links: