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Juicing The Market, One Repurchase at a Time

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The Most Powerful Factor in Asia: The Buyback Factor

Disclaimer: By reading this article, you acknowledge and agree to the terms and conditions In Buybacks We Trust Screening Putting It Together Asian equities have long been considered value traps, and it’s not hard to see why. Over the last 20 years, the HSI (Hong Kong), Topix (Japan), and Straits Times Index (Singapore) have underperformed the S&P 500 by a significant margin. Much of this differential is due to the US’s superior economic expansion and the S&P’s incredible earnings growth, but an often under-discussed piece of the puzzle is capital management. American companies are…

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