# Mexico Fund Mexico Fund is an Asset Manager based in Mexico City, Mexico. ## Overview - **Organization type:** Asset Manager - **Headquarters:** Mexico City, Mexico - **Region:** Latin America - **Address:** Mexico City, Mexico - **Founded:** 1981 - **Assets under management:** Undisclosed - **Website:** themexicofund.com ## Regulatory record - **Reports private funds:** No ## About The Mexico Fund Inc. launched in 1981 as a closed-end management investment company listed on the NYSE under the ticker MXF. Alberto Osorio serves as chairman of the board, which oversees the fund's investment adviser, Impulsora del Fondo México, a Mexican corporation that handles day-to-day portfolio management. The fund's objective is long-term capital appreciation through investments primarily in Mexican securities. Its structure as a closed-end fund — meaning it issues a fixed number of shares that trade on an exchange — gives it permanent capital and allows it to hold less-liquid positions without facing redemption pressures, a structural feature distinct from open-end mutual funds or ETFs. The portfolio spans multiple sectors of the Mexican economy, including consumer discretionary, financials, industrials, materials, and consumer staples. Historically, the fund has held concentrated positions in some of Mexico's largest publicly traded companies, with top holdings typically including names like Grupo Financiero Banorte, Fomento Económico Mexicano (FEMSA), and Grupo México. The geographic focus is overwhelmingly domestic, though some portfolio companies derive revenue from operations across Latin America and the United States. The fund does not operate as a venture capital or private equity vehicle — it invests in publicly listed equities, with occasional exposure to Mexican government debt or cash equivalents for defensive positioning. The Mexico Fund's board includes independent directors alongside those affiliated with the adviser. The team size is not publicly fixed in a single disclosure, but the adviser maintains an investment committee and research staff based in Mexico City. The fund's share price routinely trades at a premium or discount to its net asset value (NAV), a characteristic of closed-end funds that activist investors have occasionally targeted. In recent years, the fund has also maintained a managed distribution policy, paying quarterly dividends that may include return of capital, not solely investment income, per the firm's official communications. The fund's structural differentiator is its status as one of the few remaining single-country closed-end funds listed on a major US exchange. That architecture allows it to hold positions that might be illiquid or under-researched by global benchmarks, while its NYSE listing subjects it to Sarbanes-Oxley governance and SEC reporting standards — creating a hybrid that offers US regulatory transparency with Mexican market access. The succession and governance model centers on the board's role in renewing the investment advisory agreement annually, subject to shareholder ratification. ## Sectors - Consumer Discretionary - Financials - Industrials - Materials - Consumer Staples ## People - Alberto Osorio — Chairman ## Questions ### Who runs investment decisions at The Mexico Fund? Day-to-day portfolio management is handled by Impulsora del Fondo México, the Mexico City-based investment adviser. The adviser operates under a board of directors chaired by Alberto Osorio. The board reviews and renews the advisory agreement annually, maintaining ultimate fiduciary control over the investment mandate. ### How does The Mexico Fund's closed-end structure affect liquidity and trading? As a closed-end fund, The Mexico Fund issued a fixed number of shares at its IPO that now trade on the New York Stock Exchange. Investors buy and sell shares on the secondary market, not by redeeming directly with the fund. This means the market price can diverge from the net asset value (NAV), sometimes trading at a discount, which is common among single-country closed-end funds and creates a pricing dynamic not present in open-end mutual funds or ETFs. ### Which sectors does The Mexico Fund typically overweight? The fund historically allocates significant weight to financials, consumer staples, industrials, and materials, reflecting the composition of Mexico's public equity market. Top holdings over time have included Grupo Financiero Banorte in financials, FEMSA in consumer staples, and Grupo México in mining and transportation. The fund does not target a specific sector rotation but builds positions through bottom-up stock selection within the adviser's view of the Mexican economy. ### How is The Mexico Fund governed, given its cross-border structure? The fund is incorporated in the United States and listed on the NYSE, making it subject to SEC regulations, Sarbanes-Oxley requirements, and US corporate governance standards. Its board includes both independent directors and those affiliated with the investment adviser. The advisory agreement with Impulsora del Fondo México in Mexico City is renewed annually and ratified by shareholders, creating a dual-jurisdiction oversight framework. ## Related profiles - [Value Line](https://altss.com/profile/value-line-inc) - [AllianceBernstein National Municipal Income Fund](https://altss.com/profile/alliancebernstein-national-municipal-income-fund) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/mexico-fund-inc Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology