Topic: How To Invest

SPDR S&P CHINA ETF $67.30 – New York Exchange symbol GXC

SPDR S&P CHINA ETF $67.30 (New York Exchange symbol GXC; buy or sell through brokers), is an ETF that aims to track the S&P China BMI Index. This index is made up of all of the publicly traded Chinese stocks that are available to foreign investors. Right now, this ETF holds 136 stocks.

The $548.9-million fund’s top holdings are: China Mobile, 9.1%; China Life Insurance, 6.2%; Industrial & Commercial Bank of China, 5.6%; China Construction Bank, 4.8%; PetroChina, 4.5%; CNOOC Ltd., 4.0%; Tencent Holdings, 2.7%; China Petroleum & Chemical, 2.6%; Bank of China, 2.5%; and China Shenhua Energy, 2.4%.

The fund’s top industry holdings are: Financials (30.9%), Oil and Gas (16.5%), Telecommunications (11.6%), Industrials (11.4%), Information Technology (10.5%), Consumer Discretionary (7.0%), Basic Materials (5.1%) and Consumer Staples (4.4%).

SPDR S&P China ETF was launched on March 19, 2007. It trades at a 2.3% discount to its net asset value. The ETF has a 0.59% MER and yields 0.5%.

SPDR S&P China ETF is a buy for aggressive investors.

Comments are closed.