PGJ - ETF AI Analysis

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Invesco Golden Dragon China Etf (PGJ)

Rating:67Neutral

Price Target:―

PGJ, the Invesco Golden Dragon China ETF, has a solid overall rating driven by strong core holdings like Yum China, NetEase, and Vipshop, which show robust financial performance, fair to attractive valuations, and generally supportive technical trends. However, weaker names such as Nio, with high leverage and negative profitability, along with mixed signals from Baidu and Alibaba, weigh on the fund, and its focus on China-related companies means investors face concentrated regional and regulatory risk.

Positive Factors

Leading Chinese Internet Holdings

Top positions like Baidu and Alibaba have shown strong year-to-date performance, helping support the fund’s overall returns.

Targeted Exposure to Chinese Consumer and Online Growth

Heavy weights in consumer cyclical and communication services give investors focused access to China’s growing online shopping, travel, and entertainment markets.

Clear Thematic Focus

The fund’s concentrated exposure to U.S.-listed Chinese companies makes it a straightforward way to express a view on this specific segment of the market.

Negative Factors

High Expense Ratio

The fund’s relatively high annual fee reduces the net return that investors keep compared with lower-cost ETFs.

Recent Weak Short-Term Performance

Returns over the past one and three months have been weak, suggesting recent pressure on the underlying holdings.

Concentrated and Narrow Exposure

A large share of assets is tied to a handful of consumer and internet names from a single country theme, increasing risk if sentiment toward Chinese equities turns negative.

PGJ vs. SPDR S&P 500 ETF (SPY)

AUM114.92M

RegionAsia-Pacific

Expense Ratio0.70%

Beta0.88

IssuerInvesco

Inception DateDec 09, 2004

Dividend Yield3.65%

Asset ClassEquity

Index TrackedNASDAQ Golden Dragon China Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume32,368

30 Day Avg. Volume24,796

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

35.00

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering79

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

PGJ Summary

The Invesco Golden Dragon China ETF (PGJ) tracks the NASDAQ Golden Dragon China Index, which focuses on U.S.-listed companies that make most of their money in China. It holds a mix of consumer, internet, and tech businesses, including well-known names like Alibaba and Baidu. Someone might invest in PGJ to seek growth from China’s long-term economic and technology development while adding international diversification to a U.S.-heavy portfolio. A key risk is that it is heavily tied to Chinese companies, so it can be very volatile and can go up or down sharply with changes in China’s economy, regulations, or politics.

How much will it cost me?The Invesco Golden Dragon China ETF (PGJ) has an expense ratio of 0.7%, which means you’ll pay $7 per year for every $1,000 invested. This is higher than average because the fund is actively managed, focusing on a niche market with specialized exposure to U.S.-listed companies tied to China. Active management typically involves higher costs due to research and strategy implementation.

What would affect this ETF?The Invesco Golden Dragon China ETF (PGJ) could benefit from China's economic growth and innovation, particularly in sectors like consumer cyclical, communication services, and technology, which make up a significant portion of its holdings. However, potential risks include regulatory changes in China, geopolitical tensions, and global economic slowdowns, which could negatively impact the performance of its top holdings like Alibaba and Baidu. Additionally, fluctuations in interest rates or currency values may influence investor sentiment toward international investments.

PGJ Top 10 Holdings

PGJ is essentially a China consumer-and-tech story, with most of its muscle coming from a handful of big internet and services names. Yum China and H World Group are doing the heavy lifting lately, rising on signs of solid domestic demand, while New Oriental adds another bright spot as education spending recovers. On the other side, Baidu and Alibaba have been treading water, and JD plus NetEase are clearly lagging, acting like a brake on the fund. All exposure is tied to China, so investors are riding one big macro wave rather than a global mix.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
YUMC	Yum China Holdings	9.59%	$11.12M	$18.30B	4.28%	78 Outperform
BIDU	Baidu	8.49%	$9.84M	$42.02B	25.58%	64 Neutral
JD	JD	7.54%	$8.74M	$39.57B	-36.08%	70 Outperform
BABA	Alibaba	7.41%	$8.59M	$281.10B	-6.99%	68 Neutral
NTES	NetEase	5.69%	$6.60M	$74.26B	14.63%	81 Outperform
HTHT	H World Group	4.24%	$4.91M	$15.69B	34.66%	74 Outperform
NIO	Nio	3.77%	$4.37M	$10.85B	6.94%	45 Neutral
VIPS	Vipshop	3.62%	$4.19M	$7.87B	-6.72%	81 Outperform
YMM	Full Truck Alliance	3.52%	$4.08M	$9.38B	-31.89%	66 Neutral
BEKE	KE Holdings Inc. Sponsored ADR Class A	3.41%	$3.96M	$19.48B	-31.29%	62 Neutral

PGJ Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

29.22

Negative

100DMA

29.82

Negative

200DMA

29.67

Negative

Market Momentum

MACD

-0.74

Positive

RSI

30.15

Neutral

STOCH

19.84

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PGJ, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 28.54, equal to the 50-day MA of 29.22, and equal to the 200-day MA of 29.67, indicating a bearish trend. The MACD of -0.74 indicates Positive momentum. The RSI at 30.15 is Neutral, neither overbought nor oversold. The STOCH value of 19.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PGJ.

PGJ Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
PGJ	―	―	$114.92M	0.70%	67 Neutral
MCHI	―	―	$7.11B	0.59%	60 Neutral
FXI	―	―	$5.92B	0.74%	73 Outperform
EWH	―	―	$823.90M	0.50%	66 Neutral
FCA	―	―	$121.99M	0.80%	67 Neutral
ECNS	―	―	$91.77M	0.59%	57 Neutral

Performance Comparison

PGJ

Invesco Golden Dragon China Etf

26.68

-2.47

-8.47%

MCHI

iShares MSCI China ETF

―

FXI

iShares China Large-Cap ETF

―

EWH

iShares MSCI Hong Kong ETF

―

FCA

First Trust China AlphaDEX Fund

―

ECNS

iShares MSCI China Small-Cap ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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