BUYB “offers an innovative yet simple factor-based way to invest in global equities. Through the underlying index, the PowerShares Global Buyback Achievers UCITS ETF provides access to a ‘smart beta’ approach to investing in companies that return value by buying back shares. Buybacks can be more tax-efficient than dividends, and this new ETF offers a low-cost, transparent and liquid vehicle through which to access this strategy,” said Bryon Lake, Head of Invesco PowerShares – EMEA in the statement.
PKW is up 8.6% this year while IPKW has traded slightly lower since coming to market. Only five PowerShares ETFs have accumulated more new assets over the past year than PKW.
PowerShares International BuyBack Achievers Portfolio
ETF Trends editorial team contributed to this post.