Subject: Re: Invesco BuyBack Achievers
digging a little deeper

PE ratio
SPY - jan 07 - 17.36
SPY - Feb 24 - 28

PKW - Jan 07 - 11.58
PKW - Mar 24 - 13.4

In terms of performance
PKW up 10.08pct p.a.
SPY up 9.96pct p.a

similar performance but with far less multiple expansion