New ProShares ETFs aim to provide 200% leverage to four key international markets.

 

If you think international markets are on the verge of a new leg up in the ongoing broad global rally, a few more tools via exchange-traded funds are now available to provide more leverage.

ProShares launched on Wednesday four ETFs taking 200% positions in four popular foreign indexes. Two are broad in geographic reach and each adds to existing ProShares ETFs that take inverse positions with the same benchmarks.

The new ProShares are the:

ProShares Ultra MSCI EAFE (NYSE Arca: EFO) ProShares Ultra MSCI Emerging Markets (NYSE Arca: EET) ProShares Ultra FTSE/Xinhua China 25 (NYSE Arca: XPP) ProShares Ultra MSCI Japan (NYSE Arca: EZJ)

These ETFs each seek to capture 2 times the daily performance of their underlying benchmarks. That's something to consider since rival Direxion recently moved to introduce a series of leveraged ETFs that track monthly index performances. (See related article here.)

In theory, being able to track a longer return period should

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