Hold the Chinese market

Article Excerpt

SPDR S&P CHINA ETF $105.35 (New York Exchange symbol GXC; buy or sell through brokers; www.spdrs.com) tracks the S&P China BMI Index, which includes all publicly traded Chinese stocks available to foreign investors. Right now, the SPDR S&P China ETF holds 350 stocks. The fund was launched on March 19, 2007, and has a 0.59% MER. It yields 0.5%. The $1.0 billion fund’s top holdings are Tencent Holdings, 13.4%; Alibaba Group, 11.3%; China Construction Bank, 4.9%; Baidu, 3.9%; Industrial & Commercial Bank, 3.3%; China Mobile, 3.3%; Ping An Insurance, 2.3%; Bank of China, 2.2%; and JD.com Inc, 1.8%. China still has strong growth potential, and the economy appears to be rebounding. However, the government will need to continue to take measures to rein in high consumer and business borrowing. China is also tightening environmental regulations. All these measures could slow its near-term growth. SPDR S&P China ETF is a hold for aggressive investors. investors…