Topic: How To Invest

SPDR S&P CHINA ETF $83.37 – New York Exchange symbol GXC

SPDR S&P CHINA ETF $83.37 (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 of the publicly traded Chinese stocks that are available to foreign investors. Right now, SPDR S&P China ETF holds 147 stocks.

The $730.3-million fund’s top holdings are: China Construction Bank, 7.4%; China Mobile, 6.8%; Industrial & Commercial Bank of China, 5.2%; Bank of China, 4.4%; China Life Insurance, 4.4%; CNOOC Ltd., 4.2%; Baidu Inc., 4.0%; PetroChina, 3.4%; Tencent Holdings Ltd., 2.6%; and China Petroleum & Chemical, 2.2%.

The fund’s breakdown by industry is as follows: Financials, 33.6%; Oil and Gas, 14.5%; Information Technology, 11.4%; Telecommunication Services, 8.9%; Consumer Discretionary, 7.2%; Basic Materials, 5.6%; Consumer Staples, 5.2%; Utilities, 2.0%; and Health Care, 1.0%.

SPDR S&P China ETF was launched on March 19, 2007. The ETF has a 0.59% MER and yields 1.6%.

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

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