European exchange-traded funds provider Amundi has launched the first ETF in Europe to track the S&P 500 Buyback Index.
Amundi global head of ETF and indexing Valerie Baudson said, "The new S&P 500 Buyback ETF adds to Amundi’s US equity range while meeting growing demand from investors for smart beta investment tools."
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The ETF will be listed on Euronext Paris on February 17, with subsequent cross-listings scheduled soon on other main European markets.
The fund has been designed to offer exposure to those constituents of the S&P 500 with the most meaningful stock buyback programmes.
The S&P 500 Buyback Index helps measure the performance of the top 100 stocks in the S&P 500 index with the highest buyback ratio over the previous 12 months.
"This investment theme is supported by a sustainable trend in corporate payout policy in the US, observed since the end of the 1990’s, whereby share repurchases exceed cash dividends and have become the dominant form of corporate payout," said Amundi.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
