Mexico Equity & Income Fund Inc · NYSE:MXE
Mexico Equity & Income Fund — Investor Presentation (January 2019)
17 slides from Mexico Equity & Income Fund's investor presentation, January 2019
Slide 1: MXE's Shareholders Material Presentation
Pichardo Asset Management An Independent Investment Advisory Firm MXE´s Shareholders Material Presentation A 28-year track record investing in Mexican equities January, 2019 Experience Consistency 1 Vision
Slide 2: Index
Index I. MXE´s Performance ………………………………………...……….……... 3 - 8 II. Portfolio Construction ……………..……………………….……..…….... 9 – 11 III. Macro Outlook……………………………………………………...….… 12 - 13 IV. PAM´s Contacts ………………………..………………………..………….... 14 V. Definitions ……………………………………………………………....……. 15 VI. Disclaimer……………………
Slide 3: MXE's Performance: Annual Average US Dollar Returns
I. MXE´s Performance The MXE’s Net U.S. Dollar Asset Value per Share Return with Dividends Reinvested Total Annual Average US Dollar Return through December 31, 2018 As of December 31, 2018 (dividends reinvested) Since Inception in Fund 1 Year 3 Years 5 Years 10 Years 8/30/90 MXE NAV -5.65% 1 -3.52%
Slide 4: MXE's Performance: Net Asset Value Returns
I. MXE´s Performance The MXE’s Net U.S. Dollar Asset Value per Share Return with Dividends Reinvested Total Annual Average US Dollar Return through November 30, 2018 As of November 30, 2018 (dividends reinvested) Since Inception in Fund 1 Month YTD 1 Year 3 Years 5 Years 10 Years 8/30/90 MXE NAV -3.
Slide 5: NAV Return vs. MEXBOL Index
I. MXE´s Performance MXE’s Net Asset Value Dollar per Share Return vs. MEXBOL Index (Cumulative One Year to November 30, 2018) MXE NAV -10.97% MEXBOL -17.04% 115 110 105 100 95 90 85 80 75 1000 Spread 607 basis points 500 0 -500 Performance data represents past performance; past performance does not
Slide 6: Contributions by Sectors vs MEXBOL Index
I. MXE´s Performance MXE’s Contributions by Sectors vs MEXBOL Index One Year to November 30, 2018 MXE MEXBOL Source: PAM; Bloomberg. Experience 6 Consistency Vision
Slide 7: Attribution by Sectors vs MEXBOL Index
I. MXE´s Performance MXE’s Attribution by Sectors vs MEXBOL Index One Year to November 30, 2018 INDUSTRIALS 225 COMMUNICATION SERVICES 172 CONSUMER STAPLES 126 MATERIALS 101 FINANCIALS 75 REAL ESTATE 36 CONSUMER DISCRETIONARY 23 UTILITIES -76 Source: PAM; Bloomberg. Experience 7 Consistency Vision
Slide 8: Attribution by Sectors vs MEXBOL Index
I. MXE´s Performance MXE’s Attribution by Sectors vs MEXBOL Index One Year to November 30, 2018 Contribution 12M (%) Atribution Sectors MXE MEXBOL vs MEXBOL Industrials 0.49 -1.76 225 Real Estate 0.36 0.00 36 Consumer Discretionary 0.00 -0.10 10 Consumer Staples -0.06 -0.29 23 Health Care -0.67 -1.9
Slide 9: Portfolio Holdings by Sector
II. Portfolio Construction MXE Portfolio Holdings by Sector As of November 30, 2018 Real Estate Private Equity Utilities 3.3 2.1 1.2 Industrials Telecommunication 3.8 Services 23.6 Mutual Funds USD 4.6 Consumer Discretionary 6.9 Financials 15.0 Materials 22.6 Consumer Staples 16.9 Source: PAM; Bloom
Slide 10: Portfolio Holdings Variations by Sector
II. Portfolio Construction MXE Portfolio Holdings Variations by Sector One-Year through November 30, 2018 (in basis points) COMMUNICATION SERVICES 1,393 MATERIALS 682 FINANCIALS 126 REAL ESTATE (79) CONSUMER DISCRETIONARY (188) CONSUMER STAPLES (241) UTILITIES (560) INDUSTRIALS (1,529) Source: PAM;
Slide 11: Active Management: Portfolio Overweight/Underweight by Sectors
II. Portfolio Construction Active Management: MXE’s Portfolio Overweight/Underweight by Sectors vs MEXBOL Index. As of November 30, 2018 (in basis points) MATERIALS 659 COMMUNICATION SERVICES 517 CONSUMER DISCRETIONARY 496 REAL ESTATE 332 UTILITIES -35 FINANCIALS -447 INDUSTRIALS -688 CONSUMER STAPL
Slide 12: Macro Outlook: Spot Exchange Rate MXN/USD
III. Macro Outlook Spot Exchange Rate MXN/USD. As of November 30, 2018. Performance data represents past performance; past performance does not guarantee future results. Experience 12 Consistency Vision
Slide 13: Macro Outlook: MEXBOL Index Performance
III. Macro Outlook MEXBOL Index Performance As of November 30, 2018. Performance data represents past performance; past performance does not guarantee future results. Experience 13 Consistency Vision
Slide 14: PAM's Contact Information
IV. PAM´s Contact Information Pichardo Asset Management, SA de CV An Independent Investment Advisory Firm www.paminversion.com Andres Bello 45, 22nd Floor, Polanco, 11550 CDMX, México Phone: + 52 (55) 52 61 46 00 /04/21/16 [email protected] Equity Portfolio Manager [email protected]
Slide 15: Definitions
Definitions -Basis point (BPS): Refers to a common unit of measure for interest rates and other percentages in finance. - MEXBOL Index: The S&P/BMV IPC seeks to measure the performance of the largest and most liquid stocks listed on the Bolsa Mexicana de Valores. The index is designed to provide a b
Slide 16: Disclaimer
Disclaimer All investments involve risk. Principal loss is possible. Investing internationally involves additional risks such as currency fluctuations, market prices volatility, social and economic instability, changes in taxation, periods of illiquidity and other factors. Stocks of small-and-mid-ca
Slide 17: Disclaimer
Disclaimer Pichardo Asset Management, S.A. de C.V. “PAM” provides the advisory service to The Mexico Equity and Income Fund, Inc., incorporated in Maryland, U.S.A., registered under the U.S. Investment Company Act of 1940, as amended, as a closed-end, non-diversified management Investment Company. “
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