In the Margins
PowerShares Buyback Achievers, the largest exchange-traded fund related to companies repurchasing their own stock, has sharply underperformed the market and experienced outflows this year. The ETF is up 2.1% in 2017—less than half the 5.1% rise posted by the S&P 500. Moreover, investors have pulled $25.9 million from the $1.4 billion fund year to date. Read the original story from MarketWatch.
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