Hold the Chinese market

Article Excerpt

SPDR S&P CHINA ETF $83.68 (New York Exchange symbol GXC; buy or sell through brokers; www.spdrs.com) tracks the S&P China BMI Index, made up of all publicly traded Chinese stocks available to foreign investors. Right now, the SPDR S&P China ETF holds 359 stocks. The ETF was launched on March 19, 2007. It has a 0.59% MER and yields 1.8%. The $838.9 million fund’s top holdings are Tencent Holdings, 11.6%; Alibaba Group, 8.8%; China Construction Bank, 5.3%; China Mobile, 4.2%; Industrial & Commercial Bank, 3.5%; Baidu, 3.4%; Bank of China, 2.6%; JD.com Inc, 2.3%; and Ping An Insurance, 2.1%. China still has strong growth potential, but needs to get its economy back on track. SPDR S&P China ETF is a hold for aggressive investors. investors…