EEVProShares UltraShort MSCI Emerging Markets
EEV Fund Description
EEV provides (-2x) exposure to an index representing 85% of the market cap in emerging markets countries.
EEV Factset Analytics Insight
EEV is effectively a one-day bet against EEM—the popular emerging-markets ETF from iShares—with a leverage factor of 2 baked in. The fund promises daily (-2x) exposure to the MSCI Emerging Markets Index, which covers roughly 85% of the market cap in the emerging-markets universe. Note that it's also covering Korea and Taiwan, which some investors may not consider emerging markets. As with all daily leveraged and inverse products, EEV is designed as a trading vehicle, not as part of a longer-term asset allocation. In fact, anyone holding the fund for more than a day must adjust their exposure daily in order to avoid the effects of path dependency and positional decay. The good news is EEV gets good daily volume with tight spreads, so it should satisfy those looking to make intraday bets. Although EEV is expensive to hold, like all leveraged ETFs, the fund's target audience won't be holding it for long enough to be concerned about the high price tag.
EEV MSCI ESG Analytics Insight
ProShares UltraShort MSCI Emerging Markets has an MSCI ESG Fund Rating of A based on a score of 6.70 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares UltraShort MSCI Emerging Markets ranks in the 83th percentile within its peer group and in the 91st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
EEV CHARTS AND PERFORMANCE
EEV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EEV. EEV is rated a N/A out of 5.