As emerging market assets attract greater attention, Direxion Investments expanded on its line of leveraged exchange traded fund strategies with a geared emerging market bond strategy.

On Thursday, Direxion rolled out the Direxion Daily Emerging Markets Bond Bull 3X Shares (NYSEArca: EMBU). EMBU has a 1.07% expense ratio.

The Daily Emerging Markets Bond Bull 3x Shares tries to reflect the daily 3x or 300% performance of the benchmark J.P. Morgan EMBI Global Core Index. Potential investors should keep in mind that the leveraged ETF tries to achieve a 300% of its benchmark index for a single day, so the fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods longer than a single day.

The underlying index is comprised of U.S. dollar-denominated emerging market debt. As of August 14, the index included 374 constituents from 55 emerging market countries, according to the prospectus sheet.

EMBU’s top country weights include Mexico 6.0%, Indonesia 5.0%, Turkey 4.6%, Russia 4.4% and Philippines 4.0%.

Showing Page 1 of 2