BuyBack ETFs Underperform in Low-Growth, Low-Rate Environment
August 01, 2016 at 16:12 PM EDT
Company buybacks have helped support the stock market rally since the financial downturn, but the gimmick may be running out of steam, with exchange traded funds that focus on the buyback strategy underperforming. Year-to-date, the PowerShares Buyback Achievers Portfolio (NYSEArca: PKW), the...