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Morningstar Minute: A High-Quality Core ETF Holding

PowerShares Buyback Achievers targets firms which have had the financial strength to keep buying shares, but beware of the high price tag.


The Morningstar Minute is our quick take on investments, the market, economic indicators, and more. Join us every day for fresh insights from our analyst team.

Ben Johnson: This week we'd like to spotlight the PowerShares Buyback Achievers fund, ticker PKW. This fund is an interesting option for a core U.S.-equity holding. The methodology underlying this fund is interesting in that it looks to build a portfolio of companies that are listed on either the Nasdaq or the New York Stock Exchange that have achieved a 5% reduction in their net shares outstanding over the course of the past 12 months.

Ben Johnson does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.