Q1 Return: +13%
Investor: Jon Markman
Jon Markman — another contest veteran — has been steadily at the front of the pack so far this year. In fact, as of our last check-in, he was sitting pretty in first place.
Markman was prepared from the get-go for a rocky time in the U.S. — even though domestic equities keep looking better and better in the face of global struggles. Still, that was why he looked south for growth … and so far, the south is looking strong.
Mexico-based Fomento Economico Mexicano (NYSE:FMX) — commonly known as Femsa — is our first pick to beat the broader market thanks to a 13% three-month climb. That brings in one-year return to an impressive 48%, or around four times the broader market.
Plus, FMX’s fall to second place wasn’t really thanks to a fall in the stock — it did slip slightly in late February, but has gained 5% in the past week alone — but simply a rocket climb by the current leader … until recently, that is.