Orlik points out that investors may buy Hong Kong dollar-denominated assets, such as the ETF, which may continue to benefit while the peg stays in place.
The Hong Kong Index includes many Chinese companies, and the yuan-denominated revenues would convert to a stronger Hong Kong dollar performance. Additionally, long-term investors may benefit from the currency revaluation when the peg is removed as the investment converts Hong Kong dollar holdings to U.S. dollars.
iShares MSCI Hong Kong
For more information on Hong Kong, visit our Hong Kong category.
Max Chen contributed to this article.