“Emerging market bonds can offer the opportunity to gain higher yield and return, which has been the case recently,” Sylvia Jablonski, Managing Director at Direxion, said in a note. “Traders often look to emerging market bonds as a means to support or express bullish views on the prospect for growth and development of these nations.”

Related: Two New ETNs for Investors to Manage Rate Risk

EMBU may be seen as a triple leveraged play of the popularly traded iShares J.P. Morgan USD Emerging Markets Bond ETF (NasdaqGM: EMB), which tries to reflect the performance of the J.P. Morgan EMBI Global Core Index.

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