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Invesco Emerging Markets Sovereign Debt ETF V.PCY


Primary Symbol: PCY

The investment seeks to track the investment results (before fees and expenses) of the DBIQ Emerging Market USD Liquid Balanced Index (the underlying index). The fund generally will invest at least 80% of its total assets in U.S. dollar-denominated government bonds from emerging market countries that comprise the underlying index. The underlying index measures potential returns of a theoretical portfolio of liquid emerging market U.S. dollar-denominated government bonds.


ARCA:PCY - Post by User

Comment by str8tgoodson May 07, 2011 3:12pm
317 Views
Post# 18544871

RE: RE: PCY Making Profits but...

RE: RE: PCY Making Profits but...Sure we could've gotten less and have had to pay JUST, but if we get $40/ton that's at the nearest destination so we're making more profit than if we had to pay JUST.  Remember with JUST and without having our own equipment we were looking at a profit around 5 bucks/ton.  $20/ton is quite the improvement.

The further we deliver the more we pay for transportation, so getting a higher price and better profits one must understand that the higher price is because we're incurring higher costs.

I will also be happy once PCY starts making a profit.  Not too many juniors out there that can brag about that.  GLTA
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