NEW YORK ( TheStreet) -- Here are five ETFs to watch this week.
PowerShares Golden Dragon Halter USX China Portfolio (PGJ)TheStreet and other financial media outlets have been buzzing recently in regard to the SEC's probe into U.S.-listed Chinese firms. It is unclear as to how far the investigation will reach but for now investors should use a sharp eye when venturing into some China-focused ETFs.
PGJ has me more concerned than other large cap China ETFs such as the iShares FTSE/Xinhua China 25 Index Fund ( FXI). Whereas FXI tracks a basket of companies traded on China and Hong Kong exchanges, PGJ tracks a collection of U.S.-listed Chinese ADRs. These companies, which have a dual listing on U.S. stock exchanges, are more likely to fall under the SEC's scrutiny.