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Patrick McKeough is one of Canada’s top safe-money advisors. The Wall Street Journal, Forbes and The Hulbert Financial Digest have all recognized his ability to find stocks with hidden value. He is editor and publisher of The Successful Investor, Stock Pickers Digest, Wall Street Stock Forecaster and Canadian Wealth Advisor; inventor of the Quick Profit/Value System and the ValuVesting System™. A best-selling Canadian author, he wrote Riding the Bull, the book that predicted the 1990s stock-market boom.

SPDR S&P CHINA ETF $78.27 – New York Exchange symbol GXC

July 9, 2011 -  Be the first to comment
Posted by: Pat McKeough Filed in: World Stock Market
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SPDR S&P CHINA ETF $78.27 (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, it holds 153 stocks.

The $759-million fund’s top holdings are: China Construction Bank, 6.9%; China Mobile, 6.2%; Baidu Inc., 5.2%; Industrial & Commercial Bank of China, 5.1%; CNOOC, 4.7%; PetroChina, 3.9%; Bank of China, 3.7%; China Life Insurance, 3.5% and Tencent Holdings, 2.8%.

SPDR S&P China ETF was launched on March 19, 2007. It has a 0.59% MER, and yields 0.8%.

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

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