FEMSA (FMX): South of the border for soda & beer

Filed under: International markets, Newsletters, Stocks to Buy

This post is one of six articles on beverage-related stocks. Here are five other investment ideas to sip on.

Each month in The Forbes International Investment Report, editor John Christy interviews top global stock managers. Here, Lou Gerken of Gerken Capital Associates eyes a favorite beverage play from Latin America.

The money manager explains, "Investors should take heart that there are companies they can invest in at very low valuations in emerging markets. And in the particular case of Latin America, many have U.S.-listed ADR's that have plenty of liquidity and are very accessible and cost-effective to buy.

"We think that Mexico is probably the best positioned Latin American country from a risk perspective because, obviously, with 86% exports to the U.S. it's very reliant on the U.S., but it's still s