One of the ideas that seemed like a no-brainer in a Donald Trump-led stock market was to bet on a bigly benefit from stock buybacks. Analysts agree buybacks will blossom if the administration gets its way on corporate tax cuts. So how have domestic stock buyback funds done since Trump's election? Looking back, you wouldn't buy them.

The two exchange-traded funds whose strategy is to ride U. The best buyback ETF, by far, is the one most divorced from U. In general, overseas stocks have outperformed the U. John Feyerer, director of equity ETF product strategy at PowerShares, said IPKW may continue to benefit from ongoing quantitative easing in both the EU and Japan, which has served to strengthen corporate balance sheets and provide cash for buyback programs. Companies in Japan, in particular, have announced a record amount of buyback programs amidst an environment that has a continued focus on enhancing shareholder value.

The ETF has nearly one-third of its weight in Japanese equities and an additional 25 percent of its weight in European equities. The biggest buyback ETF has done the worst: That's despite projections by Goldman Sachs that big companies will spend as much as three-quarters of any gains from repatriating profits made outside the United States on buybacks. They spent repatriated gains on buybacks the last time Congress offered a tax holiday, even though it was technically prohibited, according to congressional research.

More from Trading the World: Why millionaire investors don't care about Trump's time-traveling tax reform You may actually want to reject this investing advice from Bogle and Buffett Pick up in global growth concentrated on emerging markets: There are three big reasons why Trump hasn't been able to boost the buyback bandwagon much, experts say.

The biggest holdings in buyback funds aren't the same companies that have the most offshore cash, and which are expected to benefit most if Trump's expected tax proposal becomes law. Buyback funds pick stocks that have bought back a lot of shares in the past, but companies like Apple and Microsoftwhich are sitting on the most offshore cash, have not bought back a high enough percentage of their shares to be major holdings for buyback funds.

Technology stocks have led the U. PowerShares Buyback Achievers Portfolio top holdings include BoeingMcDonaldsGeneral ElectricGoldman SachsUnited TechnologiesGilead Sciences and American Express.

The tech sector is less than 9 percent of the ETF, according to Morningstar, while financials and consumer cyclicals comprise roughly 50 percent. The five biggest winners under the repatriation provision of Trump's bill are expected to be Apple, Microsoft, AlphabetCisco Systems and OracleMoody's Investor Service estimated last fall. Not one of these stocks is among the top 25 holdings in PKW, according to Morningstar ETF holdings information. He added that the move in buyback shares "won't be about the funds — it will be about the single-share plays" that will become big buyers of their own stock once the tax break is law.

Although the ETF's methodology looks at the corporations that have bought back shares outstanding of 5 percent or more in the trailing month period, the ruled-based approach serves investors well in that they are able to understand just how PKW will behave, Feyerer said.

The Trump tax bill may be arriving sooner than expected, but that comes after the administration tempered expectations. It's been a chaotic process that raises doubts about passage. For months the White House was saying a tax bill could be approved by summer. Then last week Treasury Secretary Steve Mnuchin said the timeline was aggressive and unrealistic.

But then Mnuchin reversed his position on April 20, saying tax reform would come very soon.

Apple stock nears record high - Feb. 13,

The next day, Trump said tax reform would be unveiled this week and include the biggest tax cut ever. But Trump seemed to waver on the timing, with the White House issuing a subsequent statement, saying, "The president was saying what we've been saying all along, that he wants to do tax reform as quickly as possible while still doing it right.

The biggest problem is that what is sensex and nifty in stock market White House wants to revive its failed health-care proposal in apple related stock to buybacks form first. The savings from eliminating health-insurance subsidies for middle-class families and young workers who don't get coverage at work were expected to help pay for the tax-cut package, says C.

Huang of the Center for Budget and Policy Priorities. Blackstone group chair Steve Schwarzman, who heads a Trump CEO advisory council, said on CNBC earlier this month that a new health-care bill will probably be considered before tax changes. People don't want to make a mistake. But prospects for Learn how to analyze the binary options health plan remain dubious, even in amended form, given the hard-to-reconcile split between the House Freedom Caucus, a group of about 15 staunch conservatives who wanted even deeper Medicaid cuts than in the failed bill, and a group of about 10 GOP moderates who wanted the exact opposite.

When Best way to make penya in flyff said last week that tax reform voip stock market not be delivered on Trump's original timeline Augusthe cited the health-care bill failure making counterfeit uk money the reasons.

On Monday the White House said a vote on a new health-care bill may not come for weeks. Assuming the health-care issue is resolved, the GOP is split deeply about how to cut taxes and whether it's important to restructure the code in a way that doesn't add to the budget deficit. In particular, Republicans from different parts of the country are split over whether to use import taxes on consumer goods to help pay for corporate tax cuts, a move vocally opposed by Republican Sen.

Tom Cotton of Arkansas, whose state is home to Wal-Mart Stores' headquarters. Apple is a leading example here: Its prospects this year probably have been helped by the prospect of bigger buybacks but helped more by the looming prospect of 8th-generation iPhones, expected this fall.

Industry mavens apple related stock to buybacks high on the phone's rumored glass-and-stainless-steel body, wireless charging and other new features. Shares, up more than 20 percent year-to-date, have also been boosted by a recovery in sales growth in China. Buybacks do often help stocks of well-run companies beat the market. It has gained 8. But the hopes for a Trump bump adding to the normal case for buyback-focused investing has fizzled.

Socially responsible funds may not beat traditional equity funds, but SRI funds are generating good enough performance. Does money lead to happiness or do happy people make more money? Experts say happy countries' stock markets fare better. The International Paris Air Show is celebrating its 52nd anniversary this year with the big movers and shakers in the aerospace and defense industry all attending the event.

Biotech stocks are on pace for their best weekly performance ofas investors feel relief after word from Washington. Biotech has already outperformed the broader market year to date, rising 30 percent in the period.

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Register Log In Profile Email Preferences PRO Sign Out. ETF Street Trading the World ETF Strategist Morningstar ETF Conference ETF Markets. Init's international buyback stocks that are on top, gaining 8. Tim Mullaney, special to CNBC. Jabin Botsford The Washington Post Getty Images. Economist "Mostly, this has been a wait-and-see trade," said David Nadig, CEO of ETF. Buybacks complement fundamentals; they don't replace them. Trading the World A big decision on adding China to an exclusive market club.

Finally, the truth about socially responsible investments. The link between wealth, happiness and investing success. More From Trading the World You may actually want to reject this investing advice from Bogle and Buffett. An overlooked way to out-Vanguard the index giant on investing costs.

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Apple: Freeze Your Buyback Program - Apple Inc. (NASDAQ:AAPL) | Seeking Alpha

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The truth is finally starting to emerge about socially responsible investing. The market strategy that's taken in a half-trillion dollars in a year, and can do it again.

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