Tariffs a big worry for China

Article Excerpt

SPDR S&P CHINA ETF $92.98 (New York Exchange symbol GXC; buy or sell through brokers; www.spdrs.com) tracks the S&P China BMI Index. The fund includes all publicly traded Chinese stocks available to foreign investors. Right now, the SPDR S&P China ETF holds 351 stocks. The fund launched on March 19, 2007, and has a 0.59% MER. It yields 1.2%. Top holdings for the $971.0 million fund are Tencent Holdings (Internet), 13.3%; Alibaba Group (e-commerce), 12.4%; China Construction Bank, 5.6%; Baidu (Internet), 3.4%; and Industrial & Commercial Bank, 3.4%. China still has strong growth potential. However, it needs to cut high levels of consumer and business borrowing. That’s proving difficult given the ongoing trade dispute with the U.S. SPDR S&P China ETF is a hold for aggressive investors. investors…

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