ProShares Ultra MSCI Emerging Markets (EET)

The ProShares Ultra MSCI Emerging Markets ETF (EET) seeks to track twice (200%) the daily performance of the MSCI Emerging Markets Index, which is a free float-adjusted market capitalization weighted index designed to measure equity market performance of emerging markets. EET uses leverage to amplify returns and is designed for traders and investors with a bullish outlook on the emerging markets.

The MSCI Emerging Markets Index is a benchmark that includes stocks from 27 emerging market countries such as China, India, Brazil, Russia, and Mexico, among others. The index covers about 85% of the free float-adjusted market capitalization in each country and is widely used by investors as a gauge for emerging market performance.

As an ETF, EET provides investors with the ability to access a diversified portfolio of emerging market stocks without having to buy individual stocks themselves. However, as a leveraged ETF, EET can experience higher volatility and magnify losses if the market moves against its underlying index.