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Buying FTSE 250 shares can sometimes give us a white-knuckle ride. But then, the mid-cap index has trounced the FTSE 100 in long-term returns.
We’re looking at a long-term average return from the smaller index of around 11% per year, against closer to 7%.
FTSE 250 stocks have been falling back again in the past few years, but they’re starting to make gains once more.
FTSE 250 growth
There are some big dividends from the FTSE 250, but today I have my eye on a pure growth stock.
It’s biotech research firm PureTech Health (LSE: PRTC). And its share price over the past five years has been… how pale are those knuckles again?
Explosive growth?
Let’s look at an obvious negative. PureTech is not producing regular profit, and forecasts don’t show any in the next couple of years.
But, the company has just completed a share buyback to the tune of $100m. Isn’t it…
