While tech and Internet names have been leading PGJ higher this year, not to be forgotten is the ETF’s almost 18% weight to consumer discretionary stocks. That is an important trait because emerging markets consumer shares have been leaders this year. For example, over the past three months the Global X China Consumer ETF (NYSEArca: CHIQ) has surged more than 18% while the EGShares Emerging Markets Consumer ETF (NYSE: ECON) has been one of the few diversified emerging markets ETFs to not bleed assets this year.
PowerShares Golden Dragon China Portfolio
ETF Trends editorial team contributed to this post.