Vipshop has ascended to a 4.7% weight in the $261.2 million Powershares Golden Dragon Halter USX China Portfolio (NYSEArca: PGJ). That makes the stock PGJ’s seventh-largest holding. Said another way, PGJ allocates 117 basis points more to Vipshop than it does to Sina (NasdaqGS: SINA).
Vipshop’s stellar three-month run has translated into a 15.6% gain for PGJ over that time, making the ETF one of the stronger China funds over that period. That is saying something as China ETFs have recently been emerging markets leaders. [A Resurgent China ETF]
On the notes of China ETF strength and Vipshop exposure, the KraneShares CSI China Five Year Plan ETF (NYSEArca: KFYP) does not always get the attention it deserves. The ETF is, for the moment, small and not heavily traded, but it also features Vipshop as a top-10 holding. Just six other ETFs can make that claim, according to S&P Capital IQ data. KFYP is up 15.2% in the past three months.
KraneShares CSI China Internet Fund
Tom Lydon’s clients own shares of Facebook.