Could Investing in PKW Affect Your Portfolio?
The PowerShares BuyBack Achievers ETF’s (PKW) annualized return since its inception is 8.4%, which is low considering its high-risk factor.
The consumer discretionary sector, representing 29.7% of PKW, is trading below its 20-, 50-, and 100-day moving averages by 2.3%, 3.4%, and 6.4%.
PKW’s fund inflow saw a massive drop in 2014. Since then, the fund has observed a constant rise in its fund outflow and a considerable fall in its volume.
Of the total 206 holdings of PKW, 102 have given negative performances in the market, whereas the rest have given positive returns.
PKW’s top holdings are Home Depot, Lowe’s, Time Warner, 21st Century Fox, and O’Reilly Automotive. The ETF is trading 0.9% below its 100-day moving average.
PowerShares BuyBack Achievers ETF (PKW) is a smart beta fund that seeks to track the investment results of the NASDAQ US BuyBack Achiever Index.
The Germany Flash Composite Output Index rose to 54.9 in November—compared to 54.2 in October. It was mainly driven by a rise in the service activity.
The pharmaceutical industry provided the highest weighted return of 0.06% as well as the highest individual return of 20% on November 24, 2015. Of the 17 pharmaceutical stocks in EWJ, 15 had positive returns.
The oil and gas industry provided the highest weighted return of 0.06% as well as the highest individual return of 3.7% on November 24, 2015.
On Tuesday, November 24, 2015, the top performing stocks of the SPDR Euro STOXX 50 ETF (FEZ) were Volkswagen (VLKAY), Repsol, Anheuser-Busch (BUD), and Total (TOT).
On November 24, 2015, the SPDR Euro STOXX 50 ETF (FEZ), a European ETF, fell 0.25%. At market open, it fell nearly 1% after Turkey shot down a Russian fighter plane near the Syrian border.
Any improvement in the business climate in Germany may spread positive signals to the Eurozone. Germany’s business climate index stood at 109.0 in November compared to 108.2 in October 2015.
The consumer confidence index fell by 8.7 points to 90.4 in November 2015 compared to the upwardly revised level of 99.1 in October 2015. It was well below the consensus estimate of 99.6.
According to the Federal Reserve Bank of Richmond, the composite index of manufacturing fell to -3 in November 2015 compared to -1 in October 2015.
The increase in the third quarter GDP is mainly attributable to consumer spending. Consumption expenditure accounts for about two-thirds of the US GDP.
Manufacturing accounts for about 11.0% of France’s GDP. The manufacturing report helps explain the business sentiment surrounding the economic activity.
Broad-based growth across the sectors is required to fuel economic development. The Eurozone Flash Composite PMI Output Index was at 54.4 in November.
Japan’s Flash Manufacturing PMI rose to 52.8 in November—compared to 52.4 in October. This is the highest reading since March 2014.
Volkswagen’s stock rose by 4.1% on November 23 after its chief executive officer pronounced 8.5 million cars technically and financially manageable.
The auto manufacturing industry provided a highest weighted return, at 0.085%, as well as the highest individual return, at 4.2%, on November 23.