What are you talking about? TAO is a basket of 50 Hong Kong and Mainland PRC real estate/property development companies. This is not a "basket of Chinese stocks", but a sector focused ETF. The list of companies (wh/can be downloaded from Alphashares.com) is pretty comprehensive. Unfortunately it seems that due to current negative market conditions, this ETF hasn't been able to generate much interest (see the volume???). Anyone looking to make a quick buck won't find it in these sector-based ETFs in this market. TAO is probably best for a 2 year + time horizon and it will probably pay a decent dividend.
Not really. From what I understand, they buy and sell ETF Hong Kong real estate. Looking at the inflated HK real estate I don't see much rise in this venture. If the HK market goes south it will be a blood bath. I'd say not to buy but monitor for awhile and do more DD. IMHO.