China comes out of COVID

Article Excerpt

SPDR S&P CHINA ETF, $126.10 (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), 12.6%; Alibaba (e-commerce), 11.3%; Meituan Dianping (group buying/food delivery), 4.6%; and China Construction Bank, 2.2%. China now appears to have COVID-19 under control and was 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…

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