Still, for higher octane bets, there is Direxion Emerging Markets Bear 3X (NYSEArca: EDZ) which is designed to provide 3 times the daily leveraged inverse exposure to the same MSCI EM Index and ProShares UltraShort MSCI Emerging Markets (NYSEArca: EEV) delivers 2 times the inverse of returns daily.
A related ETF that focuses exclusively on the BRICs (Brazil, Russia, India, and China), is Direxion Daily BRIC Bear 3X (NYSEArca: BRIS) which also may appeal to hedgers and shorts.
Conversely, those who see the recent softness in equities as an opportunity to strategically position for a short term bounce may look to some of the leveraged long products for short term trading opportunities, including ProShares Ultra MSCI Emerging Markets (NYSEArca: EET) which delivers two times the daily returns and Direxion Daily Emerging Markets Bull 3X (NYSEArca: EDC) and Direxion Daily BRIC Bull 3X (NYSEArca: BRIL).
iShares MSCI Emerging Markets
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Full disclosure: Tom Lydon’s clients own EEM.