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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

Post by enero7on Dec 10, 2013 8:35pm
176 Views
Post# 21992430

Blaming then wrong person...

Blaming then wrong person...

Some posters are blaming the wrong person.
Saying that the company paid geezer to pump, is childish.
Look at the corrupted politicians in Mongolia. I f we had the PPA signed by the end of 2012, things would have been different. Or at least a delay of 6 months; but more than a year ? The reason is questionable.
Perhaps John Lee should look at the picture below, and start acting more smart.


Bribery and Bold Statement

By B.Khash-Erdene

“Watch out, or I’ll bury you with money!” yelled a scruffy looking old man at the driver who nearly ran him over, as he carelessly crossed the road while counting a bundle of money drawn from an ATM on the roadside.

The car zoomed away, and the passersby who noticed the affair chuckled.

The old man’s remark may seem strange to some, but in Mongolia, it is a cynical joke that accepts the giant stigma of society that is corruption.

It’s a mark of how deeply corruption has engraved itself into society, when the issue is viewed as a norm. A typical view of the average Mongolian is that every politician and high ranking authority figure is corrupt, and the sad part is that they are largely correct in that notion.

The 2012 filing of assets and net worth of Mongolia’s parliamentarians amounted to a total of 1,137 billion MNT in net assets, or approximately 785 million USD. Of the 74 MPs that disclosed their wealth, the top four control about 64 percent of the total.

According to mining.com, the amount is equivalent to 7.6 percent of Mongolia’s economy. Basically, only a handful of people control a significant portion of the total assets in Mongolia. I will not presume that they acquired power through illegal means, but I’m sure it wasn’t a moral method either. Carefully crafted laws whose implications are hidden from the public are a dime a dozen, as well as legislations that are never implemented

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