META - This Index Deserves An ETF

2024-02-01 02:42:07 ET

Summary

• S&P Global offers a Buyback Index that has outperformed the S&P 500 by 337 basis points since 1995.
• There are currently no ETFs that accurately track the S&P 500 Buyback Index, leaving investors with limited options.
• A basic screen of large-cap US stocks with certain criteria has shown promising returns compared to the S&P 500.

Introduction

While I was exploring the different indexes that S&P Global offers, I did come across one that is a subset of the S&P 500 index that I feel is the best in class. It is the S&P 500 Buyback Index . For those who do not know, a buyback is, “…when a company buys its own outstanding shares to reduce the number of shares available on the open market.”...

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