Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
"Nonetheless, most people on Wall Street think next year could be a bonanza for buybacks. That's mostly because of the Republican tax plan, which includes a tax break for companies that repatriate money they have overseas." (This point was made by are own catch22 in an earlier discussion.)
At least for the period shown in the chart below, the "buy back" has not had an advantage to SPY . However, the international version has been fairly happy.
PKW IKPW SPY below for March, 2014 to date. This is an active chart and updates each business day; if this site page is saved, one may visit in the future to observe results.
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PKW IKPW SPY below for March, 2014 to date.
This is an active chart and updates each business day; if this site page is saved, one may visit in the future to observe results.
http://stockcharts.com/freecharts/perf.php?PKW,IPKW,SPY&n=943&O=011000
Disclosure: We have not held, nor expect to hold any of these buy back issues.