James Simons, the renowned mathematician-investor and founder of Renaissance Technologies, passed away on May 11 at the age of 86. Known as the ‘Quant King,’ Simons revolutionized trading by utilizing computer signals for decision-making. His hedge fund consistently achieved exceptional returns, amassing him a net worth of $31 billion. As a leading philanthropist, Simons generously supported medical and scientific research and education.
As the market grapples with geopolitical risks and interest rate uncertainties, investors may consider exploring alternative investment approaches. Quantitative and passive investing strategies offer opportunities to navigate these challenges and potentially generate returns. Julien Palardy, Managing Director and Head of Quantitative and Passive Investing at TD Asset Management, shares his team’s strategies that aim to address these factors. These strategies encompass alpha-driven approaches, risk-driven strategies, and dividend strategies, catering to various investor objectives.
Invesco BuyBack Achievers ETF (PKW) is a smart beta ETF that invests in companies with a history of share buybacks. The fund has outperformed the broad market over the long term and offers investors a unique way to play the share buyback trend. In this article, we will take a deep dive into PKW’s performance, strategy, and holdings. We will also compare PKW to other buyback-focused ETFs and provide our takeaway on the fund.
