Nasdaq Dorsey Wright

With no changes to any of the Invesco models this week, we look at the Invesco Golden Dragon China ETF (PGJ).

There are no changes to any of the Invesco models this week. International equities remain second in the DALI asset class rankings behind US equities. However, we have seen notable strength from China which now ranks third out of all 134 groups in the Asset Class Group Scores. Investors looking to add exposure to Chinese equities may wish to consider the Invesco Golden Dragon China ETF (PGJ), which currently has a strong 4.53 fund score and positive 2.47 score direction.

On its default chart, PGJ has completed three consecutive buy signals and returned to a positive trend last month. The fund now sits one box away from giving a fourth consecutive buy signal and has established nearby support at $27.50 and $28.50. Year-to-date (through 8/22) PGJ has gained 17.82% on a price return basis; the fund also carries a 1.7% yield.

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DISCLOSURE

**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. PowerShares has arranged with Dorsey, Wright to provide this specialized ETF Point & Figure Analysis page on PowerShares sponsored products. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included herein, are created and provided solely by Dorsey, Wright & Associates. Such analysis, models and rankings should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. Neither Dorsey, Wright nor PowerShares through this ETF page provide investment advice or recommendations regarding any security, fund or market. As the investment professional making the final decision with respect to allocations, including any related suitability, fiduciary or other legal obligation, please remember to adhere to all applicable laws, regulations, and rules including NASD Rules 2090 and 2111. The percentage of the portfolio devoted to any ETF is at the sole discretion of the financial advisor or the customer, and not Dorsey, Wright & Associates or PowerShares. If you are not familiar with the Point & Figure methodology, we suggest you read "Point & Figure Charting, 4th Edition" by Thomas J. Dorsey and visit the PnF University, www.dorseywright.com. If you are not familiar with the PowerShares products, or Exchange Traded Funds (ETFs), we suggest you visit www.powershares.com.

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