Tencent and Baidu are GXC’s largest and fourth-largest holdings, respectively, combining for 13.5% of the ETF’s weight.
Chinese Internet stocks spend plenty of time in the limelight, but one sector of Chinese stocks that arguably have not gotten the adulation they deserve this year is energy. That is somewhat when considering the size of China’s state-run oil companies and the strength of energy stocks in 2014.
Unnoticed or not, Chinese energy names are helping both FXI and GXC. Shares of PetroChina (NYSE: PTR) and Cnooc (NYSE: CEO) are up 41% and 13%, respectively, over the past six months. Both are top-10 holdings in GXC, an ETF that allocates 11.1% of its weight to the energy sector. [Gushing Over Energy ETFs]
SPDR S&P China ETF
