Description: The anisotropy of magnetic emulsions induced by simultaneously acting electric and magnetic fields is theoretically and experimentally investigated. Due to the anisotropy, the electric conductivity and magnetic permeability of a magnetic emulsion are no longer scalar coefficients, but are tensors. The electric conductivity and magnetic permeability tensors of sufficiently diluted emulsions in sufficiently weak electric and magnetic fields are found as functions of the electric and magnetic intensity vectors. The theoretically predicted induced anisotropy was verified experimentally. The experimental data are analyzed and compared with theoretical predictions. The results of the analysis and comparison are discussed.