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3 ETFs For Emerging Markets Tech ExposureBenzinga • Wed, May 29 -
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China Wrestles With Hot Money - From LocalsMarc Chandler • Wed, May 8 -
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There are no Transcripts on PGJ.
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at MarketWatch.com (Apr 21, 2011)
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at MarketWatch.com (Feb 16, 2011)
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at MarketWatch.com (Jun 22, 2010)
PGJ vs. ETF Alternatives
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
See more details on sponsor's website
Country: China
Key Info
- In Your Portfolio: A Guide to International Equity ETFs
- Asset Class Performance: Countries, Emerging Markets
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Monday, February 11, 8:19 AM The Shanghai exchange has been a notorious retail (suckers, to many) market, but the recent big rally is of note for its heavy volume even as the growth in newly opened accounts slows. It could suggest an influx of institutional - i.e., more stable money - coming into the market. Shanghai is closed for the week. FXI -1.5%, CAF +11.5% YTD. Comment! [Global & FX]
- Friday, February 8, 7:03 AM Shanghai climbs 0.6%, with solid (but likely distorted) trade data and inflation slowing the excuses to buy. More: Passenger-vehicle sales climbed 49% Y/Y in January to 1.73M, beating estimates of 1.5M. Most Chinese ETFs, including the popular FXI, are missing the big rally in Shanghai (28% since Dec. 1). One that's not is CAF, +41% since then. Comment! [Global & FX]
- Wednesday, February 6, 7:35 AM Shanghai climbs just 0.1% overnight, but it's enough for the index's 8th straight gain, and now a 28% advance since early December. Volume is up sharply too as Beijing does what it can to encourage a flow of money into common stocks. The latest was last week's expansion of the number of stocks available for margin financing and short-selling. FXI -0.3% premarket. 2 Comments [Global & FX]
- Tuesday, January 29, 7:05 AM The Shanghai Composite enters bull market territory, with last night's 0.5% gain putting the index up 20% since Dec. 3. In addition to ideas the slide in economic growth has bottomed out are the continuing efforts of Beijing to funnel domestic and overseas money into common stocks. The latest is chatter individual Taiwanese will be allowed to invest in Chinese shares. 1 Comment [Global & FX]
- Monday, January 28, 6:59 AM The Shanghai Composite +2.4% overnight to a 7-month high, with this weekend's strong print in industrial company profits a nice excuse to buy. Sany Heavy - the country's largest maker of construction equipment - posted a 5.2% gain. The financial index rises 4.8%, with securities firms continuing to benefit from Beijing's moves to encourage investment in common stocks. Comment! [Global & FX]
- Friday, January 18, 7:52 AM FXI +0.6% premarket after China reported speedier than expected Q4 GDP growth overnight. The Shanghai Composite rose 1.4%. The Hang Seng (EWH) +1.1%. A separate report shows home prices rising in 54 out of 70 tracked cities, the most in 20 months. 1 Comment [Global & FX]
- Monday, January 14, 6:57 AM FXI gains 1.1% premarket after Shanghai rockets 3.1% thanks to the government's continued efforts to boost the appeal of stocks. The latest is word Beijing could vastly increase the size of two foreign investment programs. Leading the gains were the brokers, +4.8%. 1 Comment [Global & FX, On the Move]
- Friday, January 11, 7:18 AM Shanghai has its biggest fall in awhile, sliding 1.8% with higher than expected inflation as good an excuse as any for selling a market that's gone up nearly 20% in a straight line since early December. Leading the decline were property developers, off 3.8%. FXI -1% premarket. 1 Comment [Global & FX]
- Friday, January 4, 7:29 AM Shanghai gains 0.4% in its first session of the new year, even as decliners led gainers by a 2:1 margin. Leading gains were the insurers - Ping An +4% - after regulators moved to allow them to set up mutual funds. FXI -1% premarket. Comment! [Global & FX]
- Friday, December 28, 2012, 7:22 AM A rally in Shanghai rebar prices - up 8.9% in Q4, the best performance in 2 years - combines with an even bigger move in iron ore, convincing some of a renewal in the Chinese property boom. Stocks in Shanghai +1.2% last night to the highest close since early summer, and putting the market in the green for 2012. 5 Comments [Global & FX]
- Friday, December 14, 2012, 9:20 AM China opens wide the gates to its stock market, ending the $1B limit on stock ownership by overseas sovereign wealth funds and central banks. A rumor this move was coming was likely behind the 4.3% moonshot in Shanghai overnight. FXI +1.7% premarket. 3 Comments [Global & FX]
- Friday, December 14, 2012, 7:13 AM Stock markets don't soar 4.3% on the back of middling flash PMI reports. Shanghai's moonshot overnight is likely more to do with institutional investors and state-owned firms (mostly one and the same in China) jumping all at once into a market trading at 2009 levels. With HSBC pushed aside, Ping An insurance gained 8% amid speculation it's boosting its position in equities. Financial shares (CHIX) overall gained 6.7%. FXI +1.8% premarket. 1 Comment [Global & FX]
- Monday, December 10, 2012, 7:07 AM The Shanghai Composite tacks on to last week's 4.1% gain, adding 1.1% in the wake of positive domestic economic data even as export growth continues to disappoint. "The Chinese economy is now in a sweet spot and can stay in the sweet spot," says BofA's Lu Ting. "The current macro backdrop should bolster asset prices." Goldilocks? Comment! [Global & FX]
- Wednesday, December 5, 2012, 7:14 AM Shanghai soars 2.9%, with chatter about plans for speeding up the "urbanization" process coming out of a Poiltburo meeting as good an excuse as any for the big move. Industrial firms (CHII) lead, including Sany Heavy Industry +10% and Anhui Conch Cement +4.8%. Financials shares (CHIX) had a big move after Beijing eliminates a rule limiting investment in banks by insurers. Comment! [Global & FX]
- Tuesday, December 4, 2012, 8:56 AM Index selection matters. The Shanghai Composite - trade is limited to mainlanders - makes headlines for hitting multiyear lows, but Hong's Kong's China Index is up 6% YTD, suggesting foreign investors see value. Also helping in Hong Kong is the higher relative weighting of real estate companies (TAO +52% YTD). On the other hand, struggling miners make up a greater weighting in Shanghai. 1 Comment [Global & FX]
- Friday, November 30, 2012, 8:55 AM A 3% gain in property developers helps halt a slide in Shanghai, +0.9% overnight, but -4.3% for the month. The Shanghai Composite is off 10% YTD, on track for its 3rd consecutive down year. The only positive group is the Property Index, up 11%. China Real Estate ETF: TAO +58.6%. Hong Kong ETF: EWH +23.9% YTD. There are areas of exposure to China doing very well. Comment! [Global & FX]
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Thomas Pan
By one estimate, trade with China has added $1,000 a year to the pockets of every American household FXI FXP CNY PGJ - View all 0 replies
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Thomas Pan
Alan Greenspan: when I go to China, I haven't heard anybody argue in favor of Marx's Das Kapital in years FXI FXP PGJ CNY - View all 0 replies
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