- Invesco's (IVZ) ETF manager, PowerShares Capital Management LLC, is running with the success of the BuyBack Achievers Portfolio (PKW) and is launching its global counterpart at the end of February.
- The International BuyBack Achievers Portfolio (IPKW) will provide access to global corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months.
- In a press release, Lorraine Wang, Invesco PowerShares global head of ETF products and research stated: "Our U.S.-focused flagship, PKW, has achieved a competitive long-term track record demonstrating the investment merit of the BuyBack Achievers methodology, and more broadly of smart beta. IPKW expands the range of tools investors can use to efficiently allocate the BuyBack achievers strategy across the globe."
- Other buyback ETFs: SYLD, FYLD
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