Tuesday, 02 January 2024 12:17 GMT

Longpoint Adds Double Leveraged Etfs On Canadian Stocks


(MENAFN- Newsfile Corp)
  • LongPoint launches nine 2X Leveraged ETFs
  • LongPoint's new Savvy ETFs hold large-cap, actively traded Canadian stocks
  • LongPoint is a Canadian owned and operated ETF provider

Toronto, Ontario--(Newsfile Corp. - October 22, 2025) - LongPoint Asset Management Inc. (" LongPoint ") is proud to announce the launch of nine new Savvy Double Leveraged Single Stock ETFs (the " Savvy ETFs ") which begin trading today on the Toronto Stock Exchange (the " TSX "). These innovative ETFs provide two times (2X) leveraged long exposure to some of the largest and most actively traded Canadian equities.

LongPoint is once again making history in the Canadian ETF market with the first-ever double leveraged ETFs on Canadian stocks. These new listings offer 2X leveraged long exposures on five well-known publicly traded stocks: Barrick, Cameco, Canadian Natural Resources, Constellation Software, and Shopify under the tickers ABXU, CCOU, CNQU, CSUU, and SHPU respectively, as well as four of Canada's biggest banks: RBC, TD, CIBC and NBC under the tickers RBCU, TDU, COMU and NBCU respectively.

"LongPoint is proudly Canadian ETF company, and for the first time, we've introduced double-leveraged single-stock ETFs linked to actively traded Canadian equities," said Steve Hawkins, CEO of LongPoint. "This innovation offers investors a new way to actively trade and amplify their exposure to some of Canada's most dynamic, large-cap and mega-cap companies. These ETFs provide a Canadian-domiciled, TSX-listed solution that allows active investors to tactically position their portfolios around company-specific developments, technical indicators, market events, or fundamental outlooks."

The Savvy ETFs seek daily investment results that endeavour to correspond, before fees and expenses, to two times (2X) the daily return (on a percentage basis) of the reference stock.

Name Ticker Reference Stock
SavvyLong (2X) Barrick ETF ABXU Barrick Mining Corp.
SavvyLong (2X) Cameco ETF CCOU Cameco Corp.
SavvyLong (2X) Cdn Natural Resources ETF CNQU Canadian Natural Resources Ltd.
SavvyLong (2X) Constellation Software ETF CSUU Constellation Software Inc.
SavvyLong (2X) Shopify ETF SHPU Shopify Inc. Class A
SavvyLong 2X CIBC (CM) Equity-Linked ETF COMU Canadian Imperial Bank of Commerce
SavvyLong 2X NBC (NA) Equity-Linked ETF NBCU National Bank of Canada
SavvyLong 2X RBC (RY) Equity-Linked ETF RBCU Royal Bank of Canada
SavvyLong 2X TDB (TD) Equity-Linked ETF TDU Toronto-Dominion Bank

LongPoint anticipates listing an additional Savvy ETF at a later date that provides double leveraged inverse exposure to Shopify under the ticker SHPD.

"Our team at LongPoint brings over 70 years of combined ETF experience, including nearly 50 years specifically focused on managing leveraged and inverse products," Hawkins added. "We've designed these Savvy ETFs as specific tools for knowledgeable, sophisticated Canadian investors who want to employ high-conviction, short-term trading strategies on well-known Canadian stocks."

With this launch, LongPoint continues to establish itself as a leader in innovative ETF solutions. The company entered the levered ETF market in December 2024 with its leveraged crude oil and natural gas ETFs, followed in May 2025 with the launch of Canada's first triple levered index ETFs, and then in June 2025 with the launch of Canada's first double levered single stock ETFs linked to U.S. equities. LongPoint also offers its unique Partnership ETF platform, which simplifies the launch, operation, and growth of ETFs for its partner asset managers. LongPoint is a Canadian owned and operated company.

The Savvy ETFs have closed their offering of initial shares and will begin trading on the TSX when the market opens this morning.

About LongPoint Asset Management Inc.

LongPoint Asset Management Inc. delivers innovative ETF solutions designed to enhance your Canadian investing journey. With over 70 years of combined expertise in the ETF market, our dedicated team leverages deep industry connections and local insights to design, build and launch exceptional ETFs tailored for Canadian investors. LongPoint now offers 37 Canadian-listed ETFs with approximately $250 million in assets under management. Discover the advantage of investing with LongPoint.

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