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While the Standard & Poor's 500 Index 10% first-quarter gain was great, it wasn't the world's best.
One of the standout performances in 2013's first quarter was in a market that's off many investors' radar screens: the Philippines.
The Philippine stock market, valued at about $236 billion, rose by 17.8% in the first quarter.
Money Morning's Global Investing Strategist Martin Hutchinson told us to invest in the Philippines back in November. Hutchinson said the BRICs - Brazil, Russia, India and China - are no longer the best investments for overseas growth. Instead, it's time to focus on the true rising stars in the emerging world, like the Philippines.
As Hutchinson says, "With the right emerging markets, real growth is easier than you think."
Here's why the Philippines is expected to continue this growth in Q2.