The leveraged Emerging Markets ETFs issued by ProShares and by Direxion showcase how the outlook of non-Chinese emerging markets (by country) is parting ways with China
Trackers of the MSCI Emerging Markets Index® are weighed down by China's poor economic outook
- ProShares Ultra MSCI Emerging Markets
- Direxion Daily MSCI Emerging Markets Bull 3X Shares
However, the shining performance of funds tracking individual emerging countries benefits from ex-China global trading
- Brazil, India and Mexico leveraged ETFs are strong contenders....
The funds seek to align daily investment results with 200% (x2) or 300% (x3) of a selected index, measuring the performance of the corresponding emerging market (by capitalization)
By selecting very short-term time frames (menu on the top right - as small as one week), the performance of each fund magnify trends
Momentum signals trends of the last 5 days against a 20-day average