With Cinco de Mayo approaching, now is a good time for some appreciation of our neighbor to the south. But investors holding the closed-end (MXE Quote)Mexico Equity & Income Fund (MXE) are already feeling some appreciation.
The fund's 23.68% total market return for the first quarter captured second place among all closed-end funds. More impressively, its 86.15% gain led the pack for the 12 months ended March 31.
If that weren't enough, it earned a 40.95% three-year annualized return, which was bested only by the closed-end (LDF Quote)Latin America Discovery Fund (LDF) and the (LAQ Quote)Latin America Equity Fund (LAQ). And just to round things out, it also placed third among all closed-end funds with a total market annualized return of 20.03% for 10 years. ...
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