Buyback ETF Based on NASDAQ Buyback Achievers is Outperforming the Market

Buyback ETF Based on NASDAQ Buyback Achievers is Outperforming the Market By: Rob Hughes
on 5/7/2013

The PowerShares BuyBack Achievers Portfolio (PKW) has been one of the best performing ETFs on the market, writes Jordan Wathen for The Motley Fool.

According to ETF Trends, year-to-date, the ETF has gained 15.7% compared to the 11.7% increase in the S&P 500. Stock components in the Powershares ETF are slightly less volatile than the S&P 500, and the ETF has consistently beaten the broad index.

PKW tries to reflect the performance of the NASDAQ Buyback Achievers Index (DRB), which is comprised of stocks that have repurchased at least 5% of their total shares outstanding over the past year and is weighted by market cap.

Read more from ETF Trends.

Read more about the DRB here.

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