Ctrip and Baidu, China’s largest Internet search provider, are expected to grow earnings by 26% and 27%, respectively, in 2014, IBD reported. Qihoo 360 Technology (NasdaqGM: QIHU) has also helped drive PGJ higher. Analysts see gains of 61% this year and 65% next year, according to IBD.
Those are PGJ’s top-three holdings, combining for 24% of the ETF’s weight. PGJ has 68 holdings and has brought in nearly $70 million of its $316.6 million in assets over the past 90 days, according to PowerShares flow data.
PowerShares Golden Dragon China Portfolio
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Google.