If You Invested $1000 In This Stock 20 Years Ago, You Would Have $11,000 Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Fomento Economico (NYSE:FMX) has delivered an average annual return of 12.6%, outperforming the market by 5.06% annually. A $1000 investment in FMX 20 years ago would be worth $10,725.75 today. The company currently has a market cap of $236.74 billion. The article highlights the impact of compounded returns on investment growth over time.
December 26, 2023 | 8:30 pm
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Fomento Economico (FMX) has shown strong long-term performance with an average annual return of 12.6% over the past 20 years, turning a $1000 investment into $10,725.75.
While the historical performance of FMX is impressive, past performance does not guarantee future results. The information is backward-looking and may not have a direct short-term impact on the stock price. However, it reinforces the company's strong track record, which could maintain investor confidence.
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