PKW News and Press, Invesco BuyBack Achievers ETF From 07/07/20

I had a conversation the other day about share buybacks and insider trading. The discussion was turning around the usual pros and cons of this capital allocation method, but I decided to look more into this and see what the empirical experience we have so far suggests. Numerous studies have be...

Introduction In September, 2019, I put out an article titled " The Monetary Death Spiral " attempting to explain why interest rates, inflation, productivity, and economic growth have been sliding downward over the past 35 years. To understand the theory, one must first understand the tw...

Article Thesis Stock buybacks have been a controversial subject lately among the media and investing crowd, so we thought we’d look into them deeper to see what we could uncover. Some investors claim they are always good, per se, but others take the exact opposite stance, that stoc...

Although not everyone agrees with me, buybacks remain one of my favorite "dividend alternatives" for benefiting from the cash profits of the profitable businesses I invest in. In some ways, buybacks act as automatic dividend reinvestment plans, and are especially advantageous to taxable or for...

Folks thought things were bad for value stocks during the Dot.com mania, and they were: At the peak of the bubble, the 10-year annualized underperformance of low P/E names vs. high P/E names was -2.7% More news on: Vanguard Total Stock Market ETF, iShares S&P 500 Value ETF, Cornerstone...

The Invesco BuyBack Achievers ETF (PKW) with $1.4 billion in total assets invests in U.S. companies that have repurchased at least 5% of shares outstanding over the past year. The strategy is based on long recognized research that suggests companies that buy back shares tend to outperform th...

Capitalism . It's a word that means everything and nothing. To some, it alludes to a system in which oligarchic owners of capital are allowed to shape the economy in their favor. To others, it's the natural result of the property rights inherent in a free economy. The dictionary definitio...

Big Picture Thesis Investors who own higher-risk/higher-return assets generate an order of magnitude greater wealth over time than savers who own lower-risk/lower-return assets. (In econo-speak, saving and investing are the same thing, but here "saving" refers to stashing one's money in an a...

(Source - Pexels/Markus Spiske ) "Smart Beta" and style ETFs have become increasingly popular among investors. They offer passive investors a way to allocate toward investment strategies that typically deliver alpha over non-strategic allocation. I'd like to review these strategies and asse...

There is a single problem that is beginning to plague financial markets today: not enough cash. As global central banks have pushed interest rates far below equilibrium levels, would-be money market savers have been forced to put their money in longer-duration and higher-risk investments. Now ...