Gain from China’s recovery

Article Excerpt

SPDR S&P CHINA ETF $130.46 (New York Exchange symbol GXC; buy or sell through brokers; www.spdrs.com) tracks the S&P China BMI Index. This includes all publicly traded Chinese stocks available to foreign investors. Right now, the SPDR S&P China ETF holds 820 stocks. The fund launched on March 19, 2007. Its MER is 0.59% and it yields 1.0%. The ETF’s top holdings are Tencent (Internet), 13.6%; Alibaba (e-commerce), 11.6%; Meituan Dianping (group buying/food delivery), 4.9%; and China Construction Bank, 2.3%. China now appears to have COVID-19 under control and is the first of the major global economies to emerge from the coronavirus downturn. Meanwhile, a Biden presidency should lead to some reduction in trade tensions. SPDR S&P China ETF is a buy for aggressive investors. investors…