The
Mexico Fund, Inc. (“the Fund”) is a non-diversified closed-end management
investment company with the 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
Fund, incorporated in
The
Fund’s investment objective is long-term capital appreciation through
investment in securities, primarily equity, listed on the Bolsa
Mexicana de Valores, S.A. de C.V. (the “Mexican
Stock Exchange”). The Fund may invest in Mexican fixed-income securities
and bank time deposits of Mexican banks, all of which are peso-denominated and
may be dollar-linked (i.e., paid in pesos but with repayment linked to a
dollar exchange rate), in order to provide appropriate liquidity to take
advantage of market opportunities and meet cash requirements. The Fund may also
invest in dollar-denominated deposits and floating rate notes of Mexican banks.
As market or other conditions require, the proportion of the Fund’s assets
held in fixed-income securities or bank time deposits may vary. The Fund will
not realize capital gains for the sole purpose of making distributions to
shareholders.
Effective
March 1, 2009, the Fund may invest at least 80% of its total assets in equity
securities listed on the Mexican Stock Exchange, but may reduce its holdings in
equity securities listed on the Mexican Stock Exchange below 80% of its total
assets for temporary defensive purposes when unusual market or economic
conditions occur.