PowerShares Golden Dragon China Portfolio ETF
 (PGJ)

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  • Oct. 19, 2012, 8:06 AM

    Fitch opines on the latest Chinese GDP figures, calling them in line with the "New Normal" growth rate. The agency questions the wisdom of newly announced stimulus projects - particularly the focus on railway infrastructure. "Railways are one of the most unproductive sectors in China ... These new measures could result in poor economic returns." You think?

    | Oct. 19, 2012, 8:06 AM | 2 Comments
  • Oct. 16, 2012, 1:16 PM
    With new leadership being appointed in November, expect government action putting an end to the economic slowdown in China and the bear market in the country's stocks, says Fortress' Adam Levinson. He's covered his shorts and is buying with the hope of adding to longs as the new leadership comes into view. FXI is already up 13.7% over the last 90 days.
    | Oct. 16, 2012, 1:16 PM | 1 Comment
  • Oct. 11, 2012, 7:45 AM
    Leading a 0.8% decline in Shanghai overnight was a 3.3% fall in SAIC Motor - China's largest automaker - after the company reported sales unexpectedly shrinking for the first time in 8 months. Goldman Sachs piles on, saying Chinese copper and aluminum demand is set to plunge over the next 15 months.
    | Oct. 11, 2012, 7:45 AM | 1 Comment
  • Oct. 9, 2012, 6:54 AM
    Among the movers in Shanghai's 2% rise last night was Industrial & Commercial Bank of China (IDCBY.PK) - the world's largest by market cap - rising 1.3% after state-owned Central Huijin Investment upped its stake in the lender to 35.43%. Securities firms were the outsized gainers amidst chatter of more steps to direct the country's savings into equities.
    | Oct. 9, 2012, 6:54 AM
  • Oct. 8, 2012, 7:19 AM
    The Shanghai Composite fell 0.6% in its first action following a week-long holiday in China, bringing its YTD loss to about 13%. Nearing two years, the bear market has seen Shanghai shed 34% of its value. The Composite now trades at 11.3X earnings, its cheapest valuation since 1997, and well below that of fellow BRIC member Brazil at 18.8.
    | Oct. 8, 2012, 7:19 AM
  • Sep. 28, 2012, 7:10 AM

    Shanghai posts another big gain to close the quarter -  up 1.4%, which on top of yesterday's jump of 2.6%, narrows the index's quarterly loss to 6.3%. Wanting more state stimulus, the Chinese haven't figured out they must first sit on their hands as a PBOC adviser suggests the rebounding property market is holding Beijing back from further easing.

    | Sep. 28, 2012, 7:10 AM
  • Sep. 27, 2012, 7:20 AM

    Shanghai soars 2.6% overnight, with all of the gain coming after the Chinese Securities Regulatory Commission scheduled a press briefing at which hoped-for measures to support equities would be laid out. The early word is nothing of import - including an anticipated halt of IPOs - was announced.

    | Sep. 27, 2012, 7:20 AM
  • Sep. 20, 2012, 10:46 AM

    The size of the PBOC's balance sheet is shrinking ... rapidly. Far from being a conscious decision to tighten monetary policy, the shrinkage has more to with capital flows. To fix the price of the yuan, the PBOC is forced to print as money flows into the country, but must sell securities as capital reverses. The policy means the PBOC has a very large stimulus bullet in its chamber - letting the yuan go.

    | Sep. 20, 2012, 10:46 AM | 1 Comment
  • Sep. 20, 2012, 7:40 AM

    "As a Western investor, I would take issue with any corporate accounting in China," Jim Chanos tells CNBC. "I wouldn't trust any company's accounting in  China." Corporate profits there are imploding, he says, and now the country has to deal with capital flight. Doing "just fine" with his shorts, Chanos says he's done some covering of late.

    | Sep. 20, 2012, 7:40 AM
  • Sep. 20, 2012, 7:09 AM
    China leads an overnight tumble in Asia with weak (but expected) manufacturing numbers and the island dispute with Japan turning into something more than a war of words as good of excuses as any for selling. Shanghai -2.1%, Hong Kong -1.2%.
    | Sep. 20, 2012, 7:09 AM
  • Sep. 19, 2012, 3:21 PM
    His father the victim of a $1K mail-order scam, Whitney Tilson calls China "completely uninvestable." Instead of cracking down on fraud, says the man who lost money shorting, and then buying, and then buying more Netflix, Beijing goes after those who try to shine a light on it.
    | Sep. 19, 2012, 3:21 PM
  • Sep. 19, 2012, 12:08 PM

    Noting Chinese indices are loaded far too much with financial stocks, WisdomTree launches its ex-financials China Dividend ETF (CHFX). To the the question of why one would want to invest in a country where the financial sector may be weak going forward, Jeremy Siegel says look no further than the U.S., where stocks have proven they can do just fine as financials sag.

    | Sep. 19, 2012, 12:08 PM
  • Sep. 13, 2012, 8:32 AM
    More signs Chinese shares are closer to a bottom than a top, U.K. insurer Avvia becomes the latest to exit the country's mutual fund industry. Once the must-go destination for global asset managers, China's mutual fund assets are down 25% over 5 years despite a tripling in fund offerings. A 60% decline in shares will do that.
    | Sep. 13, 2012, 8:32 AM | 2 Comments
  • Sep. 13, 2012, 7:24 AM
    Shanghai goes its own way again, off 0.8%, with the entirety of the decline coming near the end of trading after state media downplays the odds of a 2008-style stimulus. "A massive stimulus plan is not only unlikely, but would be detrimental to the country's sustainable growth."
    | Sep. 13, 2012, 7:24 AM | 1 Comment
  • Sep. 12, 2012, 7:05 AM

    "Be it monetary or fiscal, we still have ample strength," says Chinese Premier Wen Jiabao, trying to assure Beijing has the bullets necessary to support the economy. No one doubts the government has the necessary tools, but some question whether leadership has the appetite to use them. Shanghai +0.3%, Hong Kong +1.1%.

    | Sep. 12, 2012, 7:05 AM | 1 Comment
  • Sep. 9, 2012, 11:03 PM

    One-third of publicly listed Chinese companies suffered negative cash flow in Q2, according to the FT, as the slowdown spreads from construction, machinery and chemicals to those industries expected to lead the supposed rebalancing of the economy - retail, healthcare, electronics. While non-performing bank loans have yet to be affected by the cash crunch, those classified as overdue leapt 29%.

    | Sep. 9, 2012, 11:03 PM | 4 Comments
PGJ Description
The PowerShares Golden Dragon China Portfolio (Fund) is based on the Halter USX China Index (Index). The Fund will normally invest at least 90% of its total assets in equity securities that comprise the Index. The Index is comprised of the U.S.-listed securities of companies that derive a majority of their revenue from the People's Republic of China. The Index is designed to provide insight and access to the unique economic opportunities taking place in China while still providing investors with the transparency offered with U.S.-listed securities. The Fund is rebalanced and reconstituted quarterly.
See more details on sponsor's website
Country: China
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