This post is one in a series in which over 50 newsletter advisors share their Top Picks for 2013.

By Nicholas Vardy, Alpha Investor Letter

I see huge upside in emerging market. As such, my top aggressive pick for 2013 is ProShares Ultra MSCI Emerging Markets (EET), which takes you into the world of fast growth and volatile emerging markets, with a double-leveraged bet on the entire sector.

Emerging markets have always been characterized by boom and bust. Yet over the long term, they have outperformed developed markets by a country mile.

Between 2000 and 2010, while the U.S. market was flat, emerging markets gained close to 12% per year. Then, over the past two years, emerging markets underperformed the U.S. stock market  by well over 20%.

Now, I predict that 2013 will be the year that emerging markets will reclaim their traditional place as high octane, high performance markets.

My sources in the London investment community tell me that global investors are starting to cut back their bets on the United States in favor of other global markets with bigger upside.

I believe this has already started to happen. Emerging markets have already started to outperform the U.S. Market over the last three months of 2012. with the MSCI Emerging Markets index breaking out to the upside in early December -- a very positive technical sign.

The  MSCI Emerging Markets Index includes some of the largest and fastest growing emerging market companies on the plant like Samsung, Taiwan Semiconductor (TSM), China Mobile (CHL) and Mexico's America Movil (AMX).

This ETN corresponds to two times (2x) the daily performance of the MSCI Emerging Markets Index. And if you believe emerging markets are the place to be in 2013 as I do, I recommend that you ante up; place a stop at $68.00.

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