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Morningstar

Invesco BuyBack Achievers ETF PKW

Morningstar Analyst Rating
Analyst rating as of

Morningstar’s Analysis PKW

Will PKW outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PKW’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PKW management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PKW’s parent organization’s priorities and whether they’re in line with investors’ interests.

A perplexing approach to the quality factor.

Associate Analyst

Summary

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Invesco BuyBack Achievers ETF PKW offers a portfolio of high-quality stocks that have recently conducted large share repurchases. However, screening for buybacks is an inefficient way of achieving a fundamentally sound portfolio, and we do not see it as a clear performance advantage. The fund retains a Morningstar Analyst Rating of Neutral.

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