Bullish On China, But Not On PGJ
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Chinese stocks are seen as undervalued and could provide diversification from US markets. However, the Invesco Golden Dragon China ETF (PGJ), which holds mostly ADRs from technology companies, is considered risky.
November 08, 2024 | 11:00 am
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The Invesco Golden Dragon China ETF is considered risky due to its heavy investment in ADRs from technology companies, despite the potential undervaluation of Chinese stocks.
The article highlights the potential undervaluation of Chinese stocks but expresses concern over the risks associated with PGJ's focus on ADRs from technology companies. This suggests a negative short-term impact on PGJ due to perceived risks.
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