Buyback ETF Theme May Forgo Long-Term Growth for Short-Term Gains
June 22, 2015 at 14:11 PM EDT
Corporate America is throwing billions into repurchasing their own shares, bolstering company stocks and buyback-related exchange traded funds. However, the party will be short-lived. The PowerShares Buyback Achievers Portfolio (NYSEArca: PKW), which includes U.S. companies that have effected a net...