Invesco China Real Estate ETF
TAO
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- IPO Date
- Dec 18, 2007
- CIK
- 0001365662
- Similar Companies
- Business
- Invesco China Real Estate ETF (TAO) is an exchange-traded fund that seeks to track the performance of the AlphaShares China Real Estate Index, focusing on publicly traded companies and real estate investment trusts deriving the majority of their revenues from real estate development, management, and ownership of property in China, Hong Kong, and Macau. The fund invests at least 90% of its total assets in securities comprising the index, including common stocks, American depositary receipts (ADRs), American depositary shares (ADSs), global depositary receipts (GDRs), and international depositary receipts (IDRs) of China real estate companies across growth and value styles and diversified market capitalizations; top holdings typically include Link Real Estate Investment Trust, Sun Hung Kai Properties Ltd., CK Asset Holdings Ltd., China Resources Land Ltd., and China Overseas Land & Investment Ltd. It provides investors with targeted exposure to the Greater China real estate sector, including H-shares and Red Chips listed in Hong Kong, through a full replication technique. Launched on December 18, 2007, as part of Invesco Exchange-Traded Fund Trust II and domiciled in the United States, the ETF is managed by Invesco Capital Management LLC, with historical ties to Guggenheim Funds (formerly Claymore) before rebranding under Invesco. The fund operates primarily in U.S. markets via NYSE Arca listing, serving institutional and retail investors seeking China real estate allocation within broader emerging markets or global real estate portfolios. As of recent data, it maintains assets under management around $43-44 million, approximately 62-70 holdings with significant concentration in the top 10 (about 47%), a net expense ratio of 0.70%, and a dividend yield near 3.93%. No major strategic changes, such as partnerships, acquisitions, funding rounds, new product launches, or reorganizations, have been publicly announced for the ETF in the last 1-2 years; it continues to adhere to its annual rebalancing schedule aligned with the AlphaShares China Real Estate Index. The index and fund remain focused on the core mandate without reported shifts in strategy or operations amid ongoing market volatility in Chinese real estate. Invesco, the broader issuer, maintains expanded China capabilities through entities like Invesco Great Wall Fund Management and onshore real estate investments, though these are separate from TAO.