An intriguing article on an ETF, PKW, which tracks stocks buying back stock…To make PKW’s list, a company has to have bought back at least 5% of the company’s outstanding stock in the past year, which is a considerable amount. It is impossible for any company to buy back at these rates long-term without going private, so turnover is expected. Click here for the full article: buyback-etf-returns-cash-without-dividends.doc

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