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Phil’s Stock World - Members Section
Mar 26
Comment
Courtesy of madhedgefundtraderI am constantly asked where to find safe places to park cash by investors understandably unhappy with the risk/reward currently offered by the markets. Any reach for yield now carries substantial principal risk, the...
Stock Blog Hub
Jan 7
Comment
by Tony Daltorio, Investment U Research
Wednesday, January 6, 2010
It’s a new year, even if Wall Street doesn’t seem to recognize it.
They still seem stuck on years gone by, when the west held all the power and didn’t have quite so...
MarketWatch
Dec 17
Comment
An earlier version of this story, published Dec. 16, reported that PowerShares Emerging Markets Sovereign Debt Portfolio invests in both sovereign debt and non-sovereign debt. The fund holds only sovereign debt. See the corrected story.
Index Universe
Aug 25
Comment
Fixed income and emerging markets have been getting a lot of attention lately as potential diversification tools, so it makes sense to cast an eye on an asset class that combines those two broad categories: emerging market debt.
Currently, there...
Index Universe
Dec 21
Comment
The new iShares ETF, EMB, joins PowerShares' PCY.
Investors now have a choice in the area of emerging market debt exchange-traded funds (ETFs).
Earlier this week, Barclays Global Investors added the iShares JPMorgan USD Emerging...
Suggest other news sources for this topic
more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
TOP CONTRIBUTORS
Emerging Markets Sovereign Debt Portfolio ETF (PCY)
Overview
The PowerShares Emerging Markets Sovereign Debt Portfolio (Fund) is based on the DB Emerging Market USD Liquid Balanced Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index tracks the potential returns of a theoretical portfolio of liquid emerging markets U.S. dollar-denominated government bonds issued by approximately 22 emerging-market countries. The countries in the Index are selected annually pursuant to a proprietary index methodology and the membership list is rebalanced quarterly.
Fund Characteristics
- Average Duration - 7.59
- Average Credit Quality - Ba1/BB+
- Average Maturity - 7/12/2023
- Average Coupon - 8.11
Fund Information
- Fund Manager: InvescoPowerShares [2]
- Inception Date: 10/11/2007
- Exchange: NYSE Arca
- Ticker: PCY
- Expense Ratio: 0.50%
| Years | %of Fund |
| 0 - 1 years | 0.00 |
| 1 - 5 | 14.99 |
| 5 - 10 | 40.45 |
| 10 - 15 | 0.00 |
| 15 - 20 | 8.22 |
| 20 - 25 | 21.48 |
| 25 and Over | 14.85 |
| As of 10/16/2009 |
- ETF Page[3]
Top Holdings
| Holdings | Coupon Rate | Maturity Date | Rating | Weight |
| UKRAINE GOVT INTERNATIONAL 7.65% 6/11/2013 REGS | 7.65% | 6/11/2013 | NR/NR | 7.36% |
| REPUBLIC OF INDONESIA 8.5% 10/12/2035 REGS | 8.50% | 10/12/2035 | BB-/Ba3 | 5.67% |
| VENEZUELA (GOVT OF) GLOBAL BOND 13.625% 08/15/18 | 13.63% | 8/15/2018 | BB-/B2 | 5.23% |
| REPUBLIC OF EL SALVADOR 8.25% 4/10/2032 REGS | 8.25% | 4/10/2032 | BB/Baa3 | 4.84% |
| REPUBLIC OF TURKEY 6.875% 3/17/2036 | 6.88% | 3/17/2036 | BB-/Ba3 | 4.82% |
| REPUBLIC OF COLOMBIA 7.375% 9/18/2037 | 7.38% | 9/18/2037 | BBB-/Ba1 | 4.37% |
| SOCIALIST REP OF VIETNAM 6.875% 01/15/2016 REGS | 6.88% | 1/15/2016 | BB/Ba3 | 4.32% |
| REPUBLIC OF SOUTH AFRICA 6.875% 05/27/2019 | 6.88% | 5/27/2019 | BBB+/A3 | 4.28% |
| REPUBLIC OF PHILIPPINES 9.5% 2/02/2030 | 9.50% | 2/2/2030 | BB-/Ba3 | 4.19% |
| REPUBLIC OF PANAMA 8.875% 9/30/2027 | 8.88% | 9/30/2027 | BB+/Ba1 | 4.19% |
| As of 10/16/2009 |
Other Emerging Market ETFs
References
- ↑ Emerging Markets Sovereign Debt Portfolio ETF (PCY)
- ↑ Emerging Markets Sovereign Debt Portfolio ETF (PCY)
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