FXI - PGJ: Good Fund But Heavily Concentrated In China Consumer Plays
2024-04-10 15:53:29 ET
Summary
- China may be bottoming out and could be a strong contrarian trade for investors.
- Invesco Golden Dragon China ETF tracks the Nasdaq Golden Dragon China Index and offers exposure to Chinese companies.
- The fund's top holdings include Alibaba, Yum China, Baidu, NetEase, and JD.com, with a focus on the Consumer Discretionary sector.
I think China may finally be bottoming out, and with sentiment abysmal from investors, I believe China could be a strong contrarian trade for those willing to buy when no one else is. Let's not forget that China is the world's second-largest economy. And as much as their markets have performed terribly, cycles still do exist, and there is a price for everything. If you agree, then the Invesco Golden Dragon China ETF ( PGJ ) may be worth considering....
PGJ: Good Fund But Heavily Concentrated In China Consumer Plays