Eight of PGJ’s top 10 holdings, a group that combines for about 54% of the ETF’s weight, are Chinese Internet names. That includes Qihoo in the sixth spot with a weight of 4.6%. PGJ tracks the NASDAQ Golden Dragon China Index. In arguably quiet fashion, the ETF is up 27.5% over the past three months and with the benefit of today’s gain, PGJ is heading toward its highest close since the fourth quarter of 2007. [China Internet ETFs Look to Bounce Back]
The Emerging Markets Internet & Ecommerce ETF (NYSEArca: EMQQ) is up 1.1% today and trading just pennies below its all-time high. EMQQ, which debuted in November, tries to reflect the performance of the EMQQ Emerging Markets Internet & Ecommerce Index.
EMQQ is not a dedicated China ETF, but 28 of its 42 holdings are Chinese companies, including an almost 2.7% weight to Qihoo. EMQQ has climbed 17.7% this year.
Emerging Markets Internet & Ecommerce ETF