“The buyback methodology is generally more tax-efficient relative to dividend payments and may provide investors enhanced total shareholder return,” said Lorraine Wang, Invesco PowerShares global head of ETF products and research, in a statement. “The merits of the BuyBack Achievers methodology, and more broadly smart beta, are demonstrated in our US-focused flagship product PowerShares BuyBack Achievers, so we are excited to provide investors a way to participate in global opportunities as well.
PKW has $2.8 billion in assets under management, $2.2 billion of which has come into the fund over the past year, according to PowerShares data.
PowerShares Buyback Achievers Portfolio
ETF Trends editorial team contributed to this post.