Fund Management
Invesco Powershares Launches Buyback ETF
Invesco PowerShares, part of Invesco, has launched a new buyback European UCITs exchange-traded fund.
Invesco
PowerShares, part of Invesco, has launched a new buyback
European UCITs exchange-traded fund.
The London-listed PowerShares Global Buyback Achievers UCITS ETF
invests in companies that have bought back at least 5 per cent of
their own shares in the previous twelve months, reducing the
number of shares outstanding.
The ETF tracks via full physical replication the NASDAQ Global
Buyback Achievers Net Total Return Index, which is comprised of
securities from the NASDAQ US Buyback Achiever Index and the
NASDAQ International BuyBack Achievers Index.
“This new product 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.
PowerShares Global Buyback Achievers UCITS ETF is also planned to
be listed across a number of exchanges, including the Borsa
Italiana, Euronext Paris, Deutsche Börse XETRA. the SIX Swiss
Exchange.
