NASDAQ US BuyBack Achievers Index

Share buybacks, along with dividends, are considered shareholder rewards, but there is additional insight to be gained from companies' repurchase efforts. Several exchange-traded funds, in some form or fashion, focus on companies that are prodigious repurchasers of their own shares, including...

Corporate America is continuing its share buyback binge, but there has not been a trickle-down effect to exchange-traded funds employing repurchases as part of their weighting methodology. For example, the PowerShares Buyback Achievers Fund (ETF) (NYSE: PKW) is off a third of a percent year-to-date...