Comments on: PGJ: The other Chinese ETF

By: Reviewing My Picks and Investment Theses

Reviewing My Picks and Investment Theses — Mon, 08 Mar 2010 16:00:31 +0000

[...] Long PGJ @ $13: (Jan ‘09) Trades at $24.21 – Up 82%. My favorite China ETF. It has minimal financial sector exposure (unlike FXI, where the index is 40%+ finance stocks). Still holding most of this. [...]

By: Is China’s Stimulus Being Wasted?

Is China’s Stimulus Being Wasted? — Mon, 16 Nov 2009 16:55:35 +0000

[...] Chinese stocks earlier this year, when their valuations weren’t quite so lofty. In January I started buying PGJ (my favorite China ETF) around $13-$14. Since then it’s risen to $24, and like most Asian [...]

By: Peter Schiff Launches China Mutual Fund (EPHCX)

Peter Schiff Launches China Mutual Fund (EPHCX) — Thu, 17 Sep 2009 20:53:26 +0000

[...] notes that most Chinese ETFs are heavily invested in financials, as we noted about in this piece about PGJ when it was almost half what it trades at today (PGJ only holds 5% financials). Schiff [...]

By: puravida19

puravida19 — Sun, 01 Mar 2009 22:06:25 +0000

EWT The iShares MSCI Taiwan Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Taiwanese market, as measured by the MSCI Taiwan Index. Taiwan is on verge of a wave 1 as soon as the economy gets going.

Also found HAO “The Claymore/AlphaShares China Small Cap Index ETF (the “Fund”) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the AlphaShares China Small Cap Index (the “Index”). The Index is designed to measure and monitor the performance of the publicly-traded mainland China-based small capitalization companies.”(but has a 25% exposure to Hong Kong companies.)

There’s also Vanguards UGPIX which is a 2x. this is strictly for quick trades, and mid-trend, not a long term hold.

By: Half Empty

Half Empty — Tue, 03 Feb 2009 02:10:52 +0000

PGJ’s is based on the Halter USX China Index, so it’s not considered “actively managed” fund:

“The Halter USX China Index is comprised of companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People’s Republic of China.”

For example, the S&P technically “picks” stocks for their indexes too (500, 100 growth, 100 small cap, etc). They set criteria, announce their choices, and people run funds mimicking them. Same with Halter and Invesco (as far as I know, please correct me if I’m wrong).

Here’s Halter’s methodology:
http://www.usxchinaindex.com/methodology.cfm

And here’s the fund holdings link:
http://www.invescopowershares.com/products/holdings.aspx?ticker=PGJ

Maybe not the ideal way to invest in China, but I like it the best out of the options I’ve seen. I do own some of both FXI and GXC, but my largest position is in PGJ. I’ll continue dollar-cost-averaging in.

While the Shanghai composite may be superior, I don’t know of a way to invest in that? Is there one? If not, we’re stuck with mutual funds, ETFs, and American-listed stuff for now.

Thanks for dropping by.

By: puravida19

puravida19 — Mon, 02 Feb 2009 09:35:45 +0000

Elliottwave’s Asia service favors Shanghai Composite as the only Asian index that is on an uptrend.
Halter index uses mainland stocks. PGJ is a managed index with Halter picked stocks. Do you have any opinion on the ability to pick’em?
I have you on my RSS feed.