The fund, listed on NYSE Arca, aims to focus on sustained capital return rather than short-term buyback activity.

Maryland-based exchange-traded fund (ETF) provider ProShares has further expanded its product suite with the launch of the ProShares S&P 500 Buyback Aristocrats ETF (BUYB), targeting companies with a persistent record of share buybacks. BUYB will focus on sustained capital return rather than short-term buyback activity The fund seeks to track the performance of the S&P 500 Buyback Aristocrats Index, which measures the equal-weighted performance of S&P 500 companies that have redu