State Street SPDR S&P Emerging Markets ex-China ETF
XCNY
NASDAQ Global Select- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Sep 5, 2024
- Website
- ssga.com
- Similar Companies
- Business
- SPDR S&P Emerging Markets ex-China ETF (XCNY) is an exchange-traded fund that seeks to provide investment results corresponding generally to the total return performance, before fees and expenses, of the S&P Emerging ex-China BMI index. The fund tracks this float-adjusted market capitalization-weighted index, which measures the investable universe of large-, mid-, and small-cap publicly traded companies domiciled in emerging markets, excluding those in China; top holdings include Taiwan Semiconductor Manufacturing Co. Ltd. (15.3%), HDFC Bank Ltd., Reliance Industries Ltd., Hon Hai Precision Industry Co. Ltd., and Delta Electronics Inc., with approximately 1,262 holdings in total across sectors such as technology, financials, and consumer discretionary. Issued by State Street Global Advisors (SSGA), a division of State Street Corporation headquartered in Boston, Massachusetts, the ETF operates passively with a gross/net expense ratio of 0.15%, assets under management of around $5.6 million, and shares outstanding of 200,000 as of recent data. Launched on September 4, 2024, and commencing trading on Nasdaq the following day, XCNY represents a recent strategic addition to the SPDR family of ETFs, designed to address investor demand for emerging markets exposure without Chinese equities amid growing China weightings in traditional EM benchmarks (from under 5% in 2007 to over 30% in 2024). This launch enables separate management of China risk, potentially paired with products like the SPDR S&P China ETF (GXC), while offering the lowest-cost U.S.-domiciled EM ex-China fund at 15 basis points. The fund provides geographic diversification across emerging markets including India, Taiwan, South Korea (classified as developed by S&P methodology), Brazil, and South Africa, targeting institutional and retail investors seeking high growth potential from non-China EM economies.