Topic: How To Invest

SPDR S&P CHINA ETF $68.38 – New York Exchange symbol GXC

SPDR S&P CHINA ETF $68.38 (New York Exchange symbol GXC; buy or sell through brokers; www.spdrs.com) is an exchange traded fund that aims to track the S&P China BMI Index. This index is made up of all the publicly traded Chinese stocks that are available to foreign investors. Right now, SPDR S&P China ETF holds 184 stocks.

The $879.6-million fund’s top holdings are China Mobile, 7.7%; China Construction Bank, 7.5%; Baidu, 5.4%; Industrial & Commercial Bank, 5.1%; CNOOC, 4.6%; PetroChina, 4.2%; Tencent Holdings, 3.9%; Bank of China, 3.5%; China Life Insurance, 2.7%; and China Petroleum & Chemical, 2.6%.

The fund’s breakdown by industry is as follows: Financials, 31.0%; Oil and Gas, 15.9%; Information Technology, 13.8%; Industrials, 10.2%; Telecommunication Services, 10.1%; Consumer Discretionary, 5.5%; Consumer Staples, 5.0%; Basic Materials, 4.4%; Utilities, 2.3%; and Health Care, 1.6%.

The ETF was launched on March 19, 2007. It has a 0.59% MER, and yields 0.9%.

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

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