Wathen also notes that PKW has beaten the total returns found in dividend funds. The buyback fund saw a 3- and 5-year return of 59% and 57%, respectively, compared to the 45% 3-year and 47% 5-year total return for the SPDR S&P Dividend ETF (NYSEArca: SDY).
Guggenheim Investments Insider Sentiment ETF (NYSEArca: NFO) and TrimTabs Float Shrink ETF (NYSEArca: TTFS) are other ETFs that focus on share buybacks.
PowerShares BuyBack Achievers Portfolio
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Max Chen contributed to this article.