Potential restrictions on U.S. stock repurchases have yet to turn investors away from the shares of companies most inclined to pursue them. The performance of the S&P 500 Buyback Index, which tracks 100 of these companies, shows as much. In the year through Wednesday, the index climbed 15.5 percent, beating the S&P 500 by 4.1 percentage points. The buyback gauge widened its lead 11 times in the first 12 trading days after the New York Times published a call for limits on stock buybacks by Senate Minority Leader Chuck Schumer and Senator Bernie Sanders. Their opinion piece came out Feb. 4.
No comments:
Post a Comment