Buyback ETFs represent companies that are buying back their shares on the investment thesis that companies that do so have a greater chance of share price appreciation. These ETFs usually track a market-cap-weighted index of U.S. firms that repurchased at least 5% of their shares in the previous 12 months.
With 3 ETFs traded in the U.S. markets, Buybacks ETFs gather total assets under management of $1.51B. The average expense ratio is of 1.2%. Buybacks ETFs can be found in the following asset classes:
- Fixed Income