This ETF offers inverse exposure to an index comprised of securities from European Australasian, and Far Eastern markets, making it a potentially attractive option for investors looking to bet against this sector of the global economy. It's important to note that EFZ is designed to deliver inverse results over a single trading session, with exposure resetting on a daily basis. Investors considering this ETF should understand how that nuance impacts the risk/return profile, and realize the potential for "return erosion" in volatile markets. EFZ should definitely not be found in a long-term, buy-and-hold portfolio, but may be a useful tool for more active investors looking to either hedge existing exposure or bet on a decline in EAFE equities. Investors also have the option of simply selling short a traditional EAFE fund, though that strategy will generally involve greater potential losses than utilizing an inverse ETF.