Varun Ghotgalkar
Varun Ghotgalkar is an equity strategist at AXA Investment Managers

Emerging risks around the world have understandably spooked some investors, though overall markets do not seem to be heading for a sustained downturn yet.

Corporate stock repurchases remain a popular way to return value to shareholders because they are not penalised by taxes, they can send signals about the stock’s value and are not subject to ‘sticky dividends’.

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