I think these ETFs will be pretty popular. Looking foward to these, especially when the emerging markets goes into correction mode. New ProShares Short Foreign ETFs Arriving Just In Time? posted on: October 22, 2007 | about stocks: EEM / EFZ / EFU / EUM / EEV / EWV / FXP / EFA ProShares will be doing the honors Thursday morning, Oct. 25, at The Worldâs Most Unnecessary Securities Exchangeâ¢, introducing Short and UltraShortâdouble-leveredâETFs, respectively EFZ and EFU, on the MSCI EAFE index. Coming next month: Short (EUM) and UltraShort (EEV) funds on the MSCI Emerging Markets, and UltraShorts on the MSCI Japan (EWV) and the FTSE/Xinhua 25 (FXP). The plain vanilla ETFs on the same indexes tookâin the elegant phraseology of Alchemy of Tradingâs Stephen Vitaâto the embalmerâs slab in Fridayâs 20th Anniversary Memorial Carnage with degrees of enthusiasm largely proportionate to their recent runs. FXI was off 6.2 percent; EEM dropped 4.3 percent before working back a little after-hours; EFA was off 2.2 percent; while the entirely boring and range-bound EWJ, supported to some extent by yen gains over the US dollar, dropped just two percent. The new ProShares, the first inverse issues on international indexes, are likely to be welcome trading fodder. Among US-listed ETFs, EFA and EEM ranked second and third in total assets, with $48.9 billion and $22.5 billion respectively, at Sep. 30; EWJ was 10th, with $11.8 billion; and FXI was 14th with $7.9 billion.