Invesco International BuyBack Achievers ETF (IPKW)

Invesco International BuyBack Achievers ETF (IPKW)

Profile

Invesco International BuyBack Achievers ETF (IPKW) is an actively managed ETF that invests in companies outside the U.S. that have a history of share buybacks. The ETF's primary focus is on providing investors with exposure to companies with strong financial positions and a commitment to returning capital to shareholders. IPKW has a global allocation with exposure to various sectors, including financials, technology, healthcare, and consumer discretionary. The ETF utilizes a quantitative strategy to identify companies with a history of consistent and significant share buybacks and strong fundamentals.

Objective

IPKW's primary investment goal is to track the performance of the NASDAQ International BuyBack Achievers Index, which comprises companies outside the U.S. that meet the ETF's investment criteria.

Issuer

Invesco

Invesco is a global investment management firm with over $1.4 trillion in assets under management (as of June 30, 2023). Invesco has a strong reputation in the market with a long history of managing various investment funds, including ETFs, mutual funds, and separately managed accounts.

Reputation and Reliability: Invesco is a well-respected and reliable asset manager with a strong track record of managing funds.

Management: The ETF is managed by a team of experienced professionals with expertise in international equities and quantitative strategies.

Market Share

IPKW is a relatively small ETF in the international equity space, with a market share of less than 1%. However, the ETF has experienced steady growth in assets under management in recent years.

Total Net Assets

As of November 7, 2023, IPKW has approximately $535 million in total net assets.

Moat

IPKW's competitive advantages include its unique investment strategy that focuses on companies with a history of share buybacks, its experienced management team, and its access to Invesco's global research platform.

Financial Performance

IPKW has delivered competitive returns since its inception in 2016. The ETF has outperformed its benchmark index, the MSCI EAFE Index, in most periods.

Growth Trajectory

IPKW's growth trajectory is positive. The ETF has experienced steady growth in assets under management and is well-positioned to benefit from continued investor interest in international equities with strong buyback programs.

Liquidity

Average Trading Volume: IPKW has an average trading volume of approximately 25,000 shares per day.

Bid-Ask Spread: The ETF has a tight bid-ask spread of around 0.02%.

Market Dynamics

Factors affecting IPKW's market environment include global economic conditions, interest rate policies, and investor sentiment towards international equities.

Competitors

• iShares International BuyBack Achievers ETF (IBUY)
• SPDR S&P International BuyBack ETF (BBUY)

Expense Ratio

IPKW has an expense ratio of 0.60%.

Investment Approach and Strategy

Strategy: IPKW actively tracks the NASDAQ International BuyBack Achievers Index.

Composition: The ETF invests in a diversified portfolio of international stocks across various sectors, primarily focusing on companies with a history of share buybacks.

Key Points

• Invests in companies with strong financial positions and a commitment to returning capital to shareholders.
• Actively managed with a quantitative strategy focused on companies with share buyback programs.
• Experienced management team with expertise in international equities.
• Competitive returns compared to benchmark index.
• Steady growth trajectory.

Risks

• International equities can be more volatile than domestic equities.
• Share buyback programs can be discontinued or modified, impacting the ETF's performance.
• The ETF is actively managed, which could result in higher tracking error than passively managed ETFs.

Who Should Consider Investing

IPKW is suitable for investors seeking exposure to international equities with a focus on companies returning capital to shareholders. The ETF is ideal for investors with a long-term investment horizon and a risk tolerance for the volatility associated with international equities.

Fundamental Rating based on AI (1-10 scale)

Based on an AI analysis of IPKW's fundamentals, including financial health, market position, and future prospects, the ETF receives a 7.5/10 rating. This rating acknowledges IPKW's strong management team, unique investment strategy, and solid performance history. However, the rating considers the ETF's relatively small size and potential volatility associated with active management and international equities.

Resources and Disclaimers

Resources:

• https://us.invesco.com/products/etfs-and-mutual-funds/etf/invesco-international-buyback-achievers-etf/ipkw

Disclaimer:

This information is for general educational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.