You can hold off on China

Article Excerpt

SPDR S&P CHINA ETF $100.79 (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 372 stocks. The fund launched on March 19, 2007, and you’re charged a reasonable 0.59% MER. The distribution for investors yields 1.7%. The ETF’s top holdings are Alibaba (e-commerce), 14.2%; Tencent (Internet), 12.1%; China Construction Bank, 3.3%; Ping An Insurance, 2.7%; and Industrial & Commercial Bank, 2.3%. China still has strong growth potential. However, it faces two major challenges right now: the ongoing trade dispute with the U.S.; plus the uncertain path and fallout from the coronavirus outbreak. Both could hold back the economy at least in the near term. SPDR S&P China ETF is a hold for aggressive investors. investors…