By Kevin Grewal, Editorial Director at www.SmartStops.net
NEW YORK ( TheStreet) -- When it comes to the global economy, China continues to be the talk of the town. To take it a step further, the nation, expected to witness the largest economic growth in 2010, is said to be driving the fate of exchange traded funds.
$254 million to the iShares S&P Global Materials ( MXI)
$235 million to the Select Sector SPDR TR SBI Int Energy ( XLE)
$207 million to the iShares MSCI EAFE Index ( EFA), which boasts BHP Billiton ( BHP) as one of its top holdings.
$156 million to the SPDR Gold Trust ( GLD)
$116 million to the Market Vectors Gold Miners ETF ( GDX)
$107 million to the iShares S&P Global Energy ( IXC)
$83 million to the Materials Select Sector SPDR ( XLB)
$79 million to the U.S. Oil Fund ( USO)