“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.
For more information on new fund products, visit our new ETFs category.