NEW YORK (ETF Expert) -- Hedge fund guru Jim Chanos has been telling investors to avoid China like the plague.He's been slamming the world's second-largest economy for many years. In May, Chanos described China as being in the midst of an epic property bubble. Fair enough. Chanos sees parallels between the U.S. meltdown and China's "ghost towns." Yet, there's one fact that Chanos can't gloss over. The Guggenheim China Real Estate Fund ( TAO) has gained 37% year-to-date and is sitting atop 52-week highs.