Exchange-traded funds have recently become the favorites of the fund world. But investors should not forget that closed-end funds can offer the same performance figures, if not better.
TheStreet.com Ratings uses proprietary quantitative models to generate ratings on approximately 470 closed-end funds and 130 ETFs. Over a number of years, the output from our models has consistently shown that foreign/international funds have been among the top performers in either category. A subset of these foreign funds are the so-called country funds, which are distinguished by their specific focus on a particular country, as opposed to a region.
My pick among the top-ranked closed-end country funds is the Mexico Equity & Income Fund (MXE - Get Report). Its returns are outstanding: year to date it has achieved 30.26%, over one year it has returned 57.95%, and its three-year record is 45.97%. The fund's sponsor is Phicardo Asset Management, and Gerald Hellerman is its manager.