Invesco Golden Dragon China ETF (PGJ)
| Assets | $168.83M |
| Expense Ratio | 0.67% |
| PE Ratio | 14.52 |
| Shares Out | 6.14M |
| Dividend (ttm) | $1.16 |
| Dividend Yield | 4.34% |
| Ex-Dividend Date | Sep 23, 2024 |
| Payout Ratio | 63.02% |
| 1-Year Return | +4.31% |
| Volume | 72,263 |
| Open | 26.98 |
| Previous Close | 27.26 |
| Day's Range | 26.71 - 26.98 |
| 52-Week Low | 19.97 |
| 52-Week High | 31.97 |
| Beta | 0.46 |
| Holdings | 67 |
| Inception Date | Dec 9, 2004 |
About PGJ
Fund Home PageThe Invesco Golden Dragon China ETF (PGJ) is an exchange-traded fund that is based on the NASDAQ Golden Dragon China index, a market-cap-weighted index of Chinese stocks. PGJ was launched on Dec 9, 2004 and is issued by Invesco.
Top 10 Holdings
58.98% of assets| Name | Symbol | Weight |
|---|---|---|
| JD.com, Inc. | JD | 9.39% |
| Trip.com Group Ltd ADR | CLV.DE | 8.71% |
| Yum China Holdings, Inc. | YUMC | 8.16% |
| Alibaba Group Holding Limited | BABA | 7.58% |
| Baidu, Inc. | BIDU | 6.29% |
| KE Holdings Inc. | BEKE | 4.73% |
| NIO Inc. | NIO | 3.87% |
| ZTO Express (Cayman) Inc. | ZTO | 3.51% |
| Tencent Music Entertainment Group | TME | 3.50% |
| H World Group Limited | HTHT | 3.25% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 23, 2024 | $0.15191 | Sep 27, 2024 |
| Jun 24, 2024 | $1.01298 | Jun 28, 2024 |
| Dec 18, 2023 | $0.39587 | Dec 22, 2023 |
| Sep 18, 2023 | $0.14409 | Sep 22, 2023 |
| Jun 20, 2023 | $0.08762 | Jun 23, 2023 |
| Mar 20, 2023 | $0.02263 | Mar 24, 2023 |
News
ETFs that buy Chinese stocks struggle lately amid ‘lost faith' in China stimulus
Chinese stocks are under pressure lately, with declines this month eroding gains from the massive rally sparked by China's stimulus announcement in September.
China stock ETFs rip higher even as mainland markets close for holiday
Exchange-traded funds overseas that track Chinese stocks continued their rally Wednesday even as mainland markets were shut for a week-long holiday.
Hang Seng Index: Start Of A Potential New Medium-Term Bullish Trend
Aggressive interest rate cuts by PBoC coupled with potential expansionary fiscal policies that target consumer spending have stoked positive animal spirits. Market breadth has improved on China CSI 30...
China's Policy Measures: A Pivotal Week?
China's policymakers have announced a significant package of easing measures designed to lift China from a state of entrenched economic weakness. The reception from global markets has been very positi...
China ETFs set for best week on record after Beijing fires policy ‘bazooka' to boost economy. Is it time to jump in?
China ETFs have surged on the back of a blitz of stimulus measures by the country's government to revive the world's second-largest economy.
David Tepper is buying ‘everything' in China: ‘ETFs
Billionaire hedge-fund manager David Tepper says it's an “everything” rally in China after Beijing announced a slew of stimulus measures.
China's Data Dump Shows That Time Is Running Out To Achieve This Year's Growth Target
Data largely came in weaker than already cautious forecasts, and with a less supportive base effect, we will need to see a significant stimulus push to reach this year's growth target. Looking at the ...
China Will Struggle To Hit Its 5% Growth Target This Year
Momentum in the Chinese economy has softened in the past few months as pessimism becomes increasingly entrenched. That suggests further supportive policy measures are needed.
China's Stalling Credit Market Signals an Era Of Stagnation
The latest figures published by the People's Bank of China show that credit and liquidity are stalling as demand for new loans declines. Deteriorating confidence in China's prospects explains why hous...
China's Key Growth Indicators Continue To Present A Case For Further Policy Easing
Data came in generally in line or slightly weaker than forecasts, as weak confidence continued to depress investment and consumption. New home prices fell by -0.65% MoM in July, compared to a -0.67% M...
The Chinese Economy Is In Trouble, Here Are The Warning Signs
China has been hit with two major crises as their financial and real estate sectors collapse simultaneously. Deflation, unemployment, divestiture, and lowered consumption are affecting all levels of s...
China's Credit Activity Remained Weak In July
New aggregate financing and loans both missed forecasts again in July amid high real interest rates and limited borrowing appetite. New RMB loans fell into contraction at RMB 770.8bn, lowering the yea...
China's Sluggish May Economic Data To Increase Calls For Rate Cuts
The People's Bank of China kept the one-year medium-term lending facility rate unchanged at 2.5% today, in line with market expectations. We believe that in conjunction with today's data releases and ...
China Accelerates Policy Support Rollout Amid Mixed Data
Key economic indicators are mixed in China and, in fact, were mostly weaker than expected last month. So, policymakers are now stepping up support for the property sector in particular.
China's May PMI Disappointed As Manufacturing Fell Back Into Contraction
Manufacturing sector PMI fell back into contraction amid weak orders and slowing production. Given a fairly strong positive correlation between the data, the disappointing PMI release sends a warning ...
Thinking Hard About The China Overproduction Narrative
Concerns about “overcapacity” arise primarily for goods linked to high-wage jobs, not for low-wage industries like clothing or toys. China sees its success as a result of a system that blends state co...
PGJ: Downgrading To Hold
The Invesco Golden Dragon China ETF has slightly outperformed the S&P500 returns since late January. The recent economic data in China shows an uneven dynamic of key indicators, though this shouldn't ...
PGJ: Good Fund But Heavily Concentrated In China Consumer Plays
China may be bottoming out and could be a strong contrarian trade for investors. Invesco Golden Dragon China ETF tracks the Nasdaq Golden Dragon China Index and offers exposure to Chinese companies. T...
PBOC Held Rates Steady In March
The PBOC held the 1-year medium-term lending facility (MLF) rate at 2.5% in March. The PBOC remains on a dovish tilt, but depreciation pressure on the RMB limits room for monetary easing in China befo...
Enter The Dragon: Parsing Lunar New Year Opportunities Among Emerging Markets
China and Hong Kong markets had a humbling 2023 with equities down more than 10%. Beijing has also begun stepping up tourism and travel promotions, granting visa-free entry to 11 countries, with Singa...
China: January 2024 CPI Inflation Fell To The Lowest Level Since 2009, Likely To Mark The Bottom
China's January CPI inflation was weaker than forecast at -0.8% YoY, which marks the lowest level since September 2009. We expect this to mark the bottom of the current cycle.