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With the exception of a skilled/lucky few, most US-focused investment managers struggle to beat the return of the S&P 500, especially after their fees are deducted. However, I think it’s perfectly possible for the nimble Fool. In fact, there’s one FTSE 250 stock I reckon could conceivably outperform the US index by the end of 2024.
Quality stock
Investment platform AJ Bell (LSE: AJB) doesn’t exactly get the pulse racing like some of the big tech stocks across the pond. Nvidia, this is not.
However, this is a quality company operating in a space that, while competitive, has a lot of room left to grow as an ageing population is pushed to get its finances in order.
A quick scan at the £1.2bn-cap’s fundamentals only serves to support this. High margins? Check. Stellar returns on capital? Check. A brand that inspires confidence? Check. A bulletproof balance sheet? Again,…
