The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the MSCI Emerging Markets Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified.
Close-up EDZ Weekly
This was at $95 a year ago. It is a highly leveraged way to play a global financial crisis. The Weekly Trend Model just generated it's first Buy Signal since it's 2009 highs. I'm keeping an eye on the EDZ Daily Model for a turn up before jumping in.