PCY - Invesco Emerging Markets Sovereign Debt ETF
| Previous Close | 29.45 |
| Open | 29.57 |
| Bid | 29.58 x 2900 |
| Ask | 29.59 x 3000 |
| Day's Range | 29.48 - 29.61 |
| 52 Week Range | 25.56 - 30.05 |
| Volume | 664,889 |
| Avg. Volume | 1,374,426 |
| Net Assets | 3.58B |
| NAV | 29.31 |
| PE Ratio (TTM) | N/A |
| Yield | 4.76% |
| YTD Return | 14.90% |
| Beta (3Y Monthly) | 1.29 |
| Expense Ratio (net) | 0.50% |
| Inception Date | 2007-10-11 |
- Benzinga
An Emerging Market Income Idea If The Fed Lowers Rates
The Federal Reserve meets this weeks and expectations are in place for an interest rate cut. Among the income-generating assets that stand to benefit from lower U.S. interest rates are emerging markets bonds and the related exchange traded funds, such as the Invesco Emerging Markets Sovereign Debt ETF (NYSE: PCY). PCY, which tracks the DBIQ Emerging Market USD Liquid Balanced Index and holds dollar-denominated emerging markets debt, is up 11.39% this year.
- ETF Trends
Emerging Markets Debt an Alternative Solution as Rate Cuts Loom
The capital markets will be waiting for the interest rate cut that equities want to hear, but what about fixed income? It’s made the bond market a more challenging environment, but emerging markets offer ...
- ETF Trends
Get Some Momentum With This ETF of ETFs
This article was originally published on ETFTrends.com. The Cambria Global Momentum ETF (CBOE:GMOM) provides investors with a unique approach to harnessing momentum. GMOM, which is four and a half years old, “intends to target investing in the top 33% of a target universe of approximately 100 ETFs based on measures of trailing momentum and trend.
- Zacks
High-Yield Bonds Rule Fixed Income Market: 6 ETF Winners of Q1
High-yield bond ETFs prevailed in the fixed-income market in first-quarter 2019.
- ETF Trends
Opportunity Beckons With EM Bond ETFs
The iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ: EMB), the largest exchange traded fund tracking bonds in developing economies, is up 3.41% this year and some market observers believe opportunity ...
- ETF Trends
Investors Return to EM Bond ETFs
The iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ: EMB), the largest exchange traded fund tracking bonds in developing economies, is up more than 4%. That after the fund struggled last year ...
- ETF Trends
Opportunity With EM Bond ETFs in 2019
Emerging markets debt has not been immune to the downdraft affecting assets in developing economies this year. The iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ: EMB), the largest exchange ...
- ETF Trends
3 Problems Could Pinch EM Bond ETFs in 2019
Rising external financing costs and current account deficits are among the factors plaguing emerging markets debt this year, pressuring exchange traded funds such as the iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and the PowerShares Emerging Markets Sovereign Debt Portfolio (PCY) along the way. Some analysts and market observers believe the scenarios confounding emerging markets bonds this year could linger into 2019. “The impact of tighter US monetary policy, a strengthening dollar, and risks to global trade and growth will continue to be felt in 2019,” said Fitch Ratings in a note out Monday.
- ETF Trends
What’s Ailing Emerging Market Bond ETFs
A strong dollar coupled with a spate of surprising interest rate hikes in some developing markets are among the factors punishing emerging markets debt this year, pressuring exchange traded funds such as the iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and the PowerShares Emerging Markets Sovereign Debt Portfolio (PCY) in the process. The Federal Reserve began its current tightening cycle in 2015 and while the first few rate hikes did not pinch emerging markets debt all that much, that scenario is changing in a big way this year. With respect to value compared to price, many of these ETFs from abroad present a profitable opportunity that can be realized, especially if China and the U.S. eventually ameliorate their trade differences by year’s end.
- ETF Trends
Bond ETF Investors Should Take a Second Look at Battered EM Debt
The emerging markets have been pummeled this year, but after the selling, EM debt and bond-related ETFs appear attractive for their level of risk. "Given the state of the world with strong U.S. growth and contained inflation globally, it's hard to imagine that emerging markets would suffer so much this year," Pablo Goldberg, a senior fixed-income strategist with BlackRock, told CNBC. After the pullback in emerging assets, the spread of average EM bond yields over comparable duration U.S. Treasuries have significantly widened, with the average yield on the JP Morgan Emerging Markets Bond index up to 5% last week.
- ETF Trends
Opportunities in Growing Asian Bond Market Available in Fixed-Income ETFs
The performance of emerging markets exchanged-traded funds (ETFs) have been marred by the trade wars between the U.S and China, such as the Vanguard FTSE Emerging Markets ETF (VWO) --down 7.67% YTD, iShares Core MSCI Emerging Markets ETF (IEMG) --down 7.3% YTD and iShares MSCI Emerging Markets ETF (EEM) --down 7.78% YTD. “There are huge opportunities for fixed income in all global regions at the moment, particularly in Asia,” said Michael Paulus, Managing Director at OpenDoor Securities.
