After a bumper year of returns in 2017, emerging markets have copped a battering in 2018. From slowing economic growth in China to Turkey's currency, the lira, collapsing – all occurring in the backdrop of volatile Latin American presidential elections, 澳洲幸运5开奖号码历史查询:trade wars and a buoyant 澳洲幸运5开奖号码历史查询:U.S. dollar that is making it difficult for indebted emerging market countries to pay their debts – it's easy to understand why these so-called "growth" markets haven't treated 澳洲幸运5开奖号码历史查询:investors kindly this year.

"This is not over by any means," Andrew Brenner, a global strategist at National Alliance Capital Markets, told CNBC. "The longer the 澳洲幸运5开奖号码历史查询:Federal Reserve (Fed) takes easing away, the more they're 澳洲幸运5开奖号码历史查询:tightening, the more trouble for emerging markets, and we haven't seen the worst of it," he added.

Traders who believe that the challenges facing emerging markets won’t resolve themselves overnight should consider taking a play against these markets using 澳洲幸运5开奖号码历史查询:inverse exchange-traded funds (ETFs). Let's look at several curre🦂nt trading opportunities.

Direxion Daily MSCI Emerging Ma𝓡rkets Bear 3X ETF (EDZ𒅌)

Launched in 2008, the Direxion Daily MSCI Emerging Markets Bear 3X ETF aims to return three times the inverse daily performance of the 澳洲幸运5开奖号码历史查询:MSCI Emerging Markets Index. The underlying index has a tilt toward financial and technology firms in China, Korea and Taiwan but also includes exposure to companies in India, Brazil and Mexico. As of Nov. 9, 2018, EDZ has $90.39 million in 澳洲幸运5开奖号码历史查询:assets under management (AUM) and offers a 0.26% 澳洲幸运5开奖号码历史查询:dividend yield. The fund charges a 0.96% 澳洲幸运5开奖号码历史查询:annual management fee and has a 澳洲幸运5开奖号码历史查询:year-to-date (YTD) return of 18.4%.

EDZ's 澳洲幸运5开奖号码历史查询:share price has tracked steadily higher throughout 2018. Sentiment turned bullish when the 50-day 澳洲幸运5开奖号码历史查询:simple moving average (SMA) crossed above the 200-day SMA, known by 澳洲幸运5开奖号码历史查询:technical analysts as a "澳洲幸运5开奖号码历史查询:golden cross," in early July. Those wanting to bet against emerging markets should look for an 澳洲幸运5开奖号码历史查询:entry point at $53.5, where the fund's price is likely to find support from a nine-month uptrend line that connects multiple 澳洲幸运5开奖号码历史查询:swing lows. A 澳洲幸运5开奖号码历史查询:stop-loss order could sit below th﷽e September swing low, while the Oct. 🌞29 YTD high of $73.3 is a suitable area to take profits.

ProShares U🐭ltraS🌜hort MSCI Emerging Markets ETF (EEV)

Formed in 2007, the ProShares UltraShort MSCI Emerging Markets ETF attempts to replicate twice the inverse daily performance of the Emerging Markets Index. The fund, with AUM of $25.16 million, is ideal for 澳洲幸运5开奖号码历史查询:swing traders who want to take a modest bet against emerging markets. EEV has an average spread of 0.2% with roughly 40,000 shares changing hands daily. As of Nov. 9, 2018, the fund is trading at $50.16, yields 0.14% and has a YTD return of 14.4%. Its 澳洲幸运5开奖号码历史查询:expense ratio of 0.95% is in line with the 0.94% ca🧔tegory average🐈.

The share price of EEV rallied strongly in October as global equity markets 澳洲幸运5开奖号码历史查询:took a bath. The move higher was accompanied by above-average volume, suggesting 澳洲幸运5开奖号码历史查询:institutional buying. EEV's price has started November by pulling back to an established uptrend line at the $48 level that offers traders a buy-in opportunity. The 澳洲幸运5开奖号码历史查询:relative strength index (RSI) is trading below 50, giving the trade plenty of upside room before reaching 澳洲幸运5开奖号码历史查询:overbought conditions. Traders could position their stop below the current swing low and aim to exit with profits near last month's high at the $58 level.

澳洲幸运5开奖号码历史查询:ProShares Short MSCI Emergin🥃g Markets ETF (EUM)

The ProShares Short MSCI Emerging Markets ETF, also created in 2007, seeks to provide the inverse daily performance of the MSCI Emerging Markets Index. The fund, with over $250 million in net assets, has 澳洲幸运5开奖号码历史查询:average daily trading volume (ADTV) of $19.03 million and a narrow average spread of 0.05%, making it a suitable instrument for 澳洲幸运5开奖号码历史查询:short-term traders. EUM has a 9.46% YTD return, a 0.95% expens🦂e ratio and pays investors a dividend yield of 0.22% as of Nov. 9, 2018.

EUM tracks the same index as EDZ and EEV; therefore, its chart is similar to the first two ETFs discussed. The fund's price has consistently bounced off the uptrend line that dates back to late February, which makes the current 澳洲幸运5开奖号码历史查询:retracement to the trendline at the $19.5 level a high-澳洲幸运5开奖号码历史查询:probability buying area. Traders should protect their capital with a stop placed slightly below the uptrend line and consider taking profits close to the late October 澳洲幸运5开奖号码历史查询:swing high, where the fund's price may encounter some 澳洲幸运5开奖号码历史查询:resistance.