PowerShares International BuyBack Achievers ETF goes live on Nasdaq

Feb 27th, 2014 | By | Category: Equities

**Please join us at our Income & Yield Strategy Briefing, with presentations from BMO, Fidelity, First Trust, Lyxor and WisdomTree, on Thursday 29th June 2017 @ The Ned, London - REGISTER NOW**

The PowerShares International BuyBack Achievers Portfolio (IPKW) has gone live on Nasdaq.

PowerShares International BuyBack Achievers ETF goes live on Nasdaq

The PowerShares International BuyBack Achievers Portfolio (IPKW) has gone live on the Nasdaq stock market. (© Copyright 2014, The NASDAQ OMX Group, Inc.)

This latest exchange-traded fund (ETF) from Invesco PowerShares provides investors with efficient access to a portfolio of international companies classified as “BuyBack Achievers”.

BuyBack Achievers are companies that have effected a net reduction of 5% or more of their outstanding shares in their most recent fiscal year, and have met additional criteria in accordance with the guidelines and mandated procedures of the Nasdaq OMX Group, the underlying index provider.

“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. “The merits of the BuyBack Achievers methodology, and more broadly smart beta, are demonstrated in our US-focused flagship product PowerShares BuyBack Achievers (PKW), so we are excited to provide investors a way to participate in global opportunities as well.”

The new ETF is based on the Nasdaq International BuyBack Achievers Index.

The fund is rebalanced quarterly in January, April, July and October and has an expense ratio of 0.55%.

Tags: , , , , , ,

Leave a Comment



More in Equities
ETF dedicated to LGBT equality and inclusion lists on NYSE
ETF dedicated to LGBT equality and inclusion lists on NYSE

An exchange-traded fund (ETF) designed to offer access to corporations doing business in the United States with progressive workplace policies has debuted on...

ETF Securities launches physical MSCI China A Share ETF on London Stock Exchange, Deutsche Börse and NYSE Euronext Amsterdam
ETF Securities, E Fund Management license MSCI China A Index for proposed ETF

ETF Securities, a London-headquartered provider of exchange-traded funds (ETFs), and E Fund Management (HK), a Hong Kong-based asset manager, have joined forces for...

Close