Fueled by low interest rates and a flood of money from wealthy Chinese, Hong Kong's real-estate market has boomed, with residential prices up 120% and commercial real-estate prices up 90% since the start of 2008, according to government data.
The fund seeks to earn current income reflective of moneymarket rates in China available to foreign investors, and to provide exposure to movements in the Chinese Yuan relative to the United States dollar.
Talk among panelists turned to money-losing Chinese startups such as video sharing site Tudou that managed to go public and in spite of tough market conditions.