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Topic: How To Invest

SPDR S&P CHINA ETF $68.56 – New York Exchange symbol GXC

SPDR S&P CHINA ETF $68.56 (New York Exchange symbol GXC; buy or sell through brokers), 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, this ETF holds 137 stocks.

The $545.7-million fund’s top holdings are: China Mobile, 8.2%; China Life Insurance, 6.2%; Industrial & Commercial Bank of China, 5.5%; China Construction Bank, 4.7%; CNOOC Ltd., 4.7%; Petro-China, 4.1%; Bank of China, 4.1%; Baidu Inc., 3.1%; China Petroleum & Chemical, 2.6%; and Tencent Holdings Ltd., 2.2%.

The fund’s breakdown by industry is as follows: Financials, 31.0%; Oil and Gas, 16.1%; Telecommunication Services, 10.8%; Industrials, 10.6%; Information Technology, 10.5%; Consumer Discretionary, 6.7%; Consumer Staples, 5.5%; Basic Materials, 4.8%; and Utilities, 2.3%.

SPDR S&P China ETF was launched on March 19, 2007. It trades at a 0.4% discount to its net asset value. The ETF has a 0.59% MER and yields 1.9%.

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

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