While that is true, what is difficult is finding an ETF with PKW’s long-term track record, regardless of fees. Since the March 2009 market bottom, PKW has outperformed the S&P 500 by nearly 7,000 basis points. PKW has also outperformed the benchmark U.S. index in every year since 2008 except 2012. [Buyback ETF Still Going Strong]
PKW’s legacy of trouncing the S&P 500 explains why over the past year and year-to-date the ETF ranks as the second- and third-best PowerShares ETF in terms of new assets gained, according to issuer data.
So successful has PKW been that it spawned the creation of an international equivalent, the PowerShares International BuyBack Achievers Portfolio (NasdaqGM: IPKW). IPKW debuted in late February and now has $15.1 million in assets. [Global Buyback ETF Debuts]
PowerShares Buyback Achievers Portfolio
Tom Lydon’s clients own shares of Apple.