Foreign Bond ETFs: Considering Dollar Devaluation and Maximizing Income Stream [View article]
As an ETN, PGD is an unsecured obligation of Barclays. If your black swan materializes, what make you think they could or would pay out? Not arguing with your thesis, but I think last fall proved that counterparty risk damn well better be part of your analysis.
Foreign Bond ETFs: Considering Dollar Devaluation and Maximizing Income Stream [View article]