ETF issuer Direxion, which specializes in leveraged, inverse, and leveraged inverse funds, recently filed for another leveraged product targeting outsized emerging market bond returns.
The Direxion Daily Emerging Markets Bond Bull 3X Shares (EMBU) will offer triple exposure to the J.P. Morgan Custom Emerging Markets Bond Index.
The fund is listed on the NYSE Arca exchange with a 1.07% expense ratio. Those high fees are typical of leveraged funds, since they cost more money to operate and maintain.