Gregory Skidmore

7 ETFs For a Capital Preservation Portfolio

FYI - PFP is Powershares International Listed Private Equity. May want to fix that ticker.

Bond Wars Update: International and Junk

Also interesting is the EMB is not trading this way. The portfolio do not look that different so this seems to be a PCY issue.

Bond Wars Update: International and Junk

It looks like PCY is trading at a discount to NAV. Can anyone confirm my logic? It's been this way for several days. I spoke to PowerShares and they seem clueless. These quotes are from yahoo.

^PCY-NV 23.26
^PCY-IV 22.95
PCY 20.20


On Sep 18 01:03 PM rayhendon wrote:

> Looking at the detail of their holdings, it looks like the death
> list of an airlines crash where there no survivors. Chilean debt
> is their largest holding, and the Chilean economy and currency has
> been besieged lately. This is also true for most of Latin America.
> Then they have Bulgaria, Hungary and Turkey--two of which (Hungary
> and Turkey) have currencies under severe attack. I don't have good
> data on Bulgaria, but it is a former vassal state of Russia, with
> little experience in modern capitalism.
>
> Then, they have over 4.5% invested in Russian bonds. Russia's equity
> market has been forced to close for the last two days, attributable
> to the meltdown of some of their largest banks--all are severely
> undercapitalized (like the U.S. banks, only more so), and the ruble
> has been vanquished.
> I have no time table for when any of these collapses will conclude.
> At the edges of the financial world, all these countries, indeed
> almost all emerging markets except China and India are suffering
> greatly as the world's investors try and get a grip of what's happening.
> I don't think there is going to be any fast recovery for them. But,
> when they do recover, it will be twice or three times the rate of
> developed economies. The volatility of emerging markets equities,
> currenies and debt is exceptional. You must be prepared to take some
> big lumps if you get into these investments. Personally, I have confidence
> that most of those I listed will recover. Their economies have far
> to go on the upside. But their fairy tale growth has ended for now,
> and it may be some months before all the commotion settles down.
>
> For now, there is an international flight to quality--can you believe
> U.S. Treasuries? They are still the prime debt instruments in the
> world.
>
> Best wishes,
>
> Ray
> Ray