This ETF provides exposure to a portfolio of equities from quality companies with active share buyback programs that have significantly and consistently reduced their outstanding share count. The fund replicates, to the extent possible, the performance of the CIBC Canadian Buyback Index. It uses a proprietary rules-based methodology to select TSX-traded securities that meet minimum market cap and average daily volume thresholds. Securities will be equally weighted and rebalanced quarterly.
Income Investor
The original rationale for owning this ETF has changed dramatically as a result of the pandemic, and it will be some time before many of these companies start repurchasing shares again. The yield is too low to continue holding in these circumstances, especially with so many other attractive options available. - Gordon Pape
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Interactive Performance Chart
FBE was first recommended here on June 28, 2019