Invesco Golden Dragon China ETF (PGJ)
| Assets | $158.42M |
| Expense Ratio | 0.70% |
| PE Ratio | 14.95 |
| Shares Out | 4.92M |
| Dividend (ttm) | $0.83 |
| Dividend Yield | 2.58% |
| Ex-Dividend Date | Sep 22, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 38.62% |
| Volume | 21,408 |
| Open | 32.63 |
| Previous Close | 32.28 |
| Day's Range | 32.26 - 32.67 |
| 52-Week Low | 23.68 |
| 52-Week High | 34.54 |
| Beta | 0.39 |
| Holdings | 86 |
| 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
57.48% of assets| Name | Symbol | Weight |
|---|---|---|
| Alibaba Group Holding Limited | BABA | 9.89% |
| Baidu, Inc. | BIDU | 7.80% |
| JD.com, Inc. | JD | 7.47% |
| Yum China Holdings, Inc. | YUMC | 7.39% |
| Tencent Music Entertainment Group | TME | 5.85% |
| NIO Inc. | NIO | 4.11% |
| NetEase, Inc. | NTES | 3.99% |
| Full Truck Alliance Co. Ltd. | YMM | 3.79% |
| Vipshop Holdings Limited | VIPS | 3.66% |
| Kanzhun Limited | BZ | 3.53% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 22, 2025 | $0.48346 | Sep 26, 2025 |
| Jun 23, 2025 | $0.21457 | Jun 27, 2025 |
| Mar 24, 2025 | $0.07177 | Mar 28, 2025 |
| Dec 23, 2024 | $0.06509 | Dec 27, 2024 |
| Sep 23, 2024 | $0.15191 | Sep 27, 2024 |
| Jun 24, 2024 | $1.01298 | Jun 28, 2024 |
Performance
PGJ had a total return of 19.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.32%.
News
PGJ: 3 Factors To Consider Before Investing
The Invesco Golden Dragon China ETF stands out right with its over 20% returns YTD, ahead of the Shanghai Composite and the S&P 500. Despite this, it's hard to fully get behind the PGJ story right now...
China's Flow-Driven Equity Rally May Have Further Upside
Despite mounting macro headwinds at the start of the year, Chinese equities have continued to deliver positive performance. While near-term flows can provide further upside, the durability for the equ...
The Hunt for AI Gains Is Lifting Chinese Stocks. Here's What You Need to Know.
As the U.S. wrestles China for AI dominance, investors are playing both sides.
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...
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 cho...
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...
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 lowe...
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, ma...
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 Nov...
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 contrar...
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.
China Begins Year Of The Dragon With Weak Economic Momentum
The Chinese economy is stabilising, but the only fireworks will come from the new year celebrations, which begin on February 11, as momentum remains weak. China's GDP growth for the fourth quarter ros...
China Growth Could Slow Amid Limited Policy Options
While recent policy announcements and data surprises have generated some optimism, we maintain a cautious stance on China's economic prospects. We believe weak consumption trends, a downbeat labor mar...
China Outlook: Market Rescue Welcomed, But More Needed
In response to the recent China equity market rout, policymakers vowed last week to stabilize the market through more forceful measures. Despite a very positive initial market reaction (an 8% rebound ...
Record January stock-market rally left these ETFs behind. Few are set to bounce.
While the megacap technology names once again drove the U.S. stock market to solid monthly gains to kick off 2024, some of the last year's stock laggards continued to struggle.
PGJ: Benefiting From China's Stimulus
The Chinese government is about to roll out measures to support the Chinese stock market. Chinese stocks are currently heavily discounted due to economic and geopolitical risks, creating an opportunit...
China Canary Warns About Global Economy And The Downside To Euphoria
Chinese stock prices have lost money in the 16 years since 2007 and are now back near 2005 levels. Chinese treasury bonds have rallied sharply as beaten-up capital capitulates out of riskier markets a...
China-focused ETFs struggle amid fears of another regulatory ‘crackdown'
Hi! This week's ETF Wrap funds looks at China-focused funds that are struggling in 2024, with Clocktower's chief strategist Marko Papic providing his take on concerns tied to the country.
Consider This: Is India The New China?
India's potential for economic growth lies in its young population, business-friendly reforms, and technology sectors. To unlock this potential, India needs long-term policies to address structural co...
China PMI Signals Tentative Growth Revival, Prices Edge Higher
Mainland Chinese economy shows signs of regaining growth momentum in November, with higher output, new orders, and improved business conditions. Business expectations remain below average, leading to ...