Dear Readers,
Quite a few Debt Instruments from Emerging Markets have done well in 2011 and 2012.
One example is the ETF that is collection of such debt. It is "Powershares Emerging Markets Sovereign Debt Portfolio" (ticker PCY). Its 30 day SEC yield is 4.26% effective duration is 9.1 years.
In 2013 it has not done all that well ...
Yours Truly,
- Anonymous