Invesco Golden Dragon China ETF

PGJ

Market cap $157M

Overview Fund Activity

32.71 USD

+0.02

0.06%

At close Updated Sep 12, 4:00 PM EDT

1 day

0.06%

5 days

3.91%

1 month

10.77%

3 months

12.87%

6 months

7.14%

Year to date

27.13%

1 year

49.5%

5 years

-37.19%

10 years

29.8%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

5% more funds holding

Funds holding: 38 [Q1] → 40 (+2) [Q2]

1.84% less ownership

Funds ownership: 13.65% [Q1] → 11.81% (-1.84%) [Q2]

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

21% less capital invested

Capital invested by funds: $21.4M [Q1] → $16.8M (-$4.6M) [Q2]

See Fund Rankings

Financial journalist opinion

Some of the Top China Stocks Reside in This ETF

Count stocks from China among this year's international standouts. Widely observed gauges of equities in the world's second-largest economy are outpacing both the S&P 500 and the MSCI Emerging Markets Index by comfortable margins since the start of this year.

Some of the Top China Stocks Reside in This ETF

Chinese Stocks Take Off On The Upside: The PGJ ETF Is Another Option For Exposure

A looming trade deal between the U.S. and China is bullish for the Chinese stock market. When Invesco Golden Dragon China ETF is compared to iShares China Large-Cap ETF, FXI appears to be a better choice. Seeking Alpha ETF Grades highlight the differences between PGJ and FXI.

Chinese Stocks Take Off On The Upside: The PGJ ETF Is Another Option For Exposure

APAC Equities: The Sensitivity To Oil Prices

Among APAC equity markets, Australia has a higher beta to oil prices while India, Indonesia and Thailand have lower betas. Domestic political uncertainties have been one main reason for the decoupling trend seen in Indonesia and Thailand.

APAC Equities: The Sensitivity To Oil Prices

Zacks Investment Research

Worst-Performing ETFs of April

April saw a sharp stock market drop due to Trump's aggressive new tariffs, especially on China.

Worst-Performing ETFs of April

PGJ: China Wasn't Doing So Well Even Before The Trade War

I am bearish on China's long-term prospects, despite a recent 4.5% rise in the index since June 2024, due to government stimulus measures. The People's Bank of China's September stimulus included lower bank reserve requirements, mortgage rate reductions, and subsidized business loans, temporarily boosting markets. Recent market gains from the stimulus have retracted, highlighting persistent underlying issues in China's economy despite short-term boosts.

PGJ: China Wasn't Doing So Well Even Before The Trade War

Why Chinese Equities Are Outperforming Wall Street

Has the AI trade moved to China? Why Chinese chipmakers may soon change the semiconductor space.

Why Chinese Equities Are Outperforming Wall Street

Disruptive Theme of the Week: China ETFs Rallying YTD

One of the top themes year-to-date has been China-focused technology ETFs. China technology stocks have surged on AI enthusiasm related to China startup DeepSeek's AI model launch.

Disruptive Theme of the Week: China ETFs Rallying YTD

PGJ: High Volatility And Structural Challenges Ahead

Invesco Golden Dragon China ETF has underperformed with a volatile history and an annualized total return of only 4.7% since inception. PGJ is heavily concentrated in consumer discretionary stocks, making it highly sensitive to economic cycles and vulnerable during downturns. China's long-term structural challenges, including population decline, high household debt, and a housing market bubble burst, will likely hinder PGJ's future performance.

PGJ: High Volatility And Structural Challenges Ahead

Hang Seng Index: Transforming Into A Medium-Term Bearish Trend Despite Improving Services PMI From China

Sentiment remains fragile in China and Hong Kong stock market even China services activities have improved in December. Weak market breadth and a persistent bearish trend of the Chinese yuan since November has added to more woes to the Hang Seng Index.

Hang Seng Index: Transforming Into A Medium-Term Bearish Trend Despite Improving Services PMI From China

Bullish On China, But Not On PGJ

Chinese stocks appear undervalued and could offer diversification from US markets, which are currently priced for perfection. Valuations in China are much lower compared to the US, making it a contrarian buy, especially during periods of negative sentiment. Invesco Golden Dragon China ETF is holding mostly ADRs from technology companies, which comes with additional risks, which I am not comfortable with.

Bullish On China, But Not On PGJ

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