However, the ETF has managed a 2014 of about 2.4% compared to 1.8% for its primary rival, theiShares J.P. Morgan USD Emerging Markets Bond ETF (NYSEArca: EMB). PCY has at least one advantage over its rival: Lower exposure to oil-producing countries.
While PCY allocates a combined 14% of its weight to OPEC member Qatar, Brazil and Mexico, the ETF features no exposure to recently downgraded Russian bonds and near-default Venezuelan debt. EMB does. [Bears Rush to EM Bond ETF]
PowerShares Build America Bond Portfolio
