Getting your player ready...
International stocks are hot, rising faster than U.S. stocks this year.
But for you contrarians, ProFunds last week launched four exchange- traded funds that bet big against some of those markets. The ETFs are pegged against indexes for the Brazilian, European and Mexican stock markets, as well as Asia, excluding Japan.
When those indexes go down 1 point, the ETFs try to go up double that. Such leveraged funds, which use borrowed money to juice their returns, can be risky. By magnifying gains and losses, they boost volatility.
