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Invesco BuyBack Achievers ETF PKW

Analyst rating as of

Morningstar’s Analysis

Will PKW outperform in future?

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

Buybacks don't drive stock returns.



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Invesco BuyBack Achievers ETF PKW indirectly favors highly profitable firms through its share repurchasing screen. However, past repurchasing activity doesn't appear to be predictive of future performance after controlling for profitability. There is little to suggest the fund will have a durable edge over the long term, so it earns a Morningstar Analyst Rating of Neutral.

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