IPKWInvesco International BuyBack Achievers ETF
IPKW Fund Description
IPKW tracks a modified market-cap weighted index of international securities from developed and emerging markets that have reduced their outstanding shares by at least 5% in the past year.
IPKW Factset Analytics Insight
IPKW is an international twist on Invesco's hugely popular US-based buyback fund PKW. IPKW invests in companies that have recently repurchased significant amounts of their own shares. The concept is straightforward: Management has the greatest insight as to future business prospects so, when they elect to buy back their own stock, it's because they see it as undervalued. The counterargument is that buybacks are indicative of a lack of future growth opportunities, otherwise the company would invest its cash in those prospects. The fund charges a competitive yearly fee for access to its small-cap heavy portfolio of about 40 international securities which currently tilts toward Japan and Canada. Investor interest is thin to date, which will add to all-in costs via wider trading spreads.
IPKW MSCI ESG Analytics Insight
Invesco International BuyBack Achievers ETF has an MSCI ESG Fund Rating of AA based on a score of 8.49 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco International BuyBack Achievers ETF ranks in the 97th percentile within its peer group and in the 99th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
IPKW MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
IPKW Summary Data
IPKW Portfolio Data
IPKW Index Data
IPKW Portfolio Management
IPKW Tax Exposures
IPKW Fund Structure
IPKW Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IPKW. IPKW is rated a 4 out of 5.
IPKW Sector/Industry Breakdown
IPKW Top 10 Holdings[View All]
IPKW Economic Development
IPKW Performance Statistics
IPKW MSCI ESG Ratings
IPKW Benchmark Comparison Summary
IPKW Benchmark Comparison Market Cap Size