CNBC: “This buyback-focused ETF is beating the market—here’s how”By admin_45 in IN THE NEWS
Excerpt from CNBC quoting DataTrek's Nick Colas:
...."ETF experts Andrew McOrmond, managing director of the ETF group at WallachBeth Capital, and Nick Colas, co-founder of DataTrek Research, liked TrimTabs’ strategy.
“I actually think you have a chance to have a new kind of category in investing” that plays on both value and growth, McOrmond said in the same “ETF Edge” interview. “Maybe this can be the new kind of value.”
Acknowledging the earnings-per-share boosts that buybacks can provide, Colas also liked the other side of the trade: the benefit to the shareholder.
“More than anything, it shows respect for the shareholder. A buyback shows the company’s just not going to waste capital on M&A or a bad investment, they really value shareholder capital and they will hand it back when they can’t use it,” he said Monday on “ETF Edge"....
Read the full article here on CNBC!