3 Reasons to buy Mexico Equity and Income Fund (MXE)

The quant investor has three main reasons why you should get into the Mexico Equity and Income Fund:

1. On Friday, the discount to NAV was over 16% which is well above the average range for the last year.

2. Shareholder Friendly: The closed end fund activist, Phil Goldstein, sits on the board of MXE.

3. Strong Sponsorship: The well respected hedge fund, Renaissance Technologies, holds an 8% position in MXE. City of London Asset Management also holds a position.

The quant investor also believes that the Mexican economy will benefit from higher crude oil prices.

Vested Interest: 
None listed