None. If you want to make some money in distressed property prices take a look at PennyMac (PMT). I'm in it but it is not for everybody.
An interesting article to read, especially with 20 month hindsight. Seems to me that China bank regulators were ahead of the game. USA bank regulators, and Federal Reserve, failed in their roles. Basically, at least for this time, China's not elected politicians (engineers and scientists) made decisions that proved to be much wiser than our elected lawyers.
It depends on the type and liquidity with-in the the fund. There are two basic types of ETFs ... in-kind species and swap. Many fixed income ETFs may not have adequate liquidity, however, option trading (although risky) allows methods of betting against most ETFs. Research is a key. The following link provides a starting point ....
China Tells Banks to Stress Test for 60% Home-Price Drop.
Full article found on the Bloomberg link below. Does DOT bode well for China real estate.
When most retailers are afraid of buying stocks, that is the time to buy. Buying the hated market is almost always prudent. With stocks being cheaper now than they've been since the late 1980s (at 11 times forward earnings), I'm a buyer.
i not long any thing. all markets are lie. they are on sugar high with funds STOLEN from the future. one day soon tab come due but nobody will pay and ponzi scheme collapse. as far as TAO go - more bad news come for china unreal estate markets. central government now threaten interest rate hikes HA HA long suckers! it drive everything down every where all over world even though china markets are closed to the foreign man. HA HA to longs - your greed turn your money into hot air. HA HA!