Invesco International BuyBack Achievers ETF (IPKW)

PowerShares International BuyBack Achievers Portfolio (IPKW) is an exchange-traded fund (ETF) that seeks to track the investment results of the NASDAQ International BuyBack Achievers Index. The index is composed of international companies that have repurchased at least 5% or more of their outstanding shares in the trailing twelve months.

The ETF aims to provide investors with exposure to companies that have demonstrated financial discipline by investing in their own businesses through share buybacks. Share buybacks are a way for companies to return capital to their shareholders by reducing the number of outstanding shares, thereby increasing the value of each remaining share.

The index is designed to track the performance of international companies that have a history of strong fundamentals, positive earnings growth, and a commitment to returning value to shareholders through share buybacks.