Although total share repurchases were slightly less than $169 billion in the third quarter, making the July-September the worst this year for buybacks, PKW has been on an impressive run this year. The ETF is up 38%, about 1,200 basis points more than the S&P 500. [Buyback ETF Still Soaring]
Additionally, PKW recently crossed the $2 billion in assets under management level. That milestone is made even more noteworthy when considering about $1.5 billion has flowed into PKW this year, according to PowerShares flows data. Only two other PowerShares ETFs have hauled in more new assets this year than PKW.
PowerShares Buyback Achievers Portfolio
ETF Trends editorial team contributed to this post.
