Not yet time for China

Article Excerpt

SPDR S&P CHINA ETF $120.21 (New York Exchange symbol GXC; buy or sell through brokers; 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 734 stocks. The fund launched on March 19, 2007. Its MER is 0.59% and it yields 1.2%. The ETF’s top holdings are Tencent (Internet), 14.6%; Alibaba (e-commerce), 14.3%; Meituan Dianping (group buying/food delivery), 3.2%; and China Construction Bank, 2.8%. China now appears to have COVID-19 increasingly under control, and is slowly reopening its economy. However, activity will likely remain at much lower levels than usual for some time. This will hold back the overall economy and stock prices, at least in the near term. You’re better off waiting for that to clear up before new buying. SPDR S&P China ETF is a hold for aggressive investors. investors…

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