Here's How Much You Would Have Made Owning Fomento Economico Stock In The Last 20 Years
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Fomento Economico (NYSE:FMX) has produced an average annual return of 12.78%, outperforming the market by 5.28% on an annualized basis. With a current market capitalization of $228.43 billion, a $100 investment in FMX 20 years ago would be worth $1,106.09 today. The key takeaway is the significant impact of compounded returns on cash growth over time.
December 12, 2023 | 4:00 pm
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Fomento Economico's stock has significantly outperformed the market with a 12.78% average annual return over the past 20 years, highlighting the company's strong performance and the power of long-term investing.
The historical performance data provided for FMX indicates a strong track record of returns, which could instill confidence in investors and potentially lead to a positive short-term impact on the stock price. However, past performance is not always indicative of future results, and investors may also consider other current market conditions and company fundamentals before making investment decisions.
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