Original News Release
SavvyLong 2X ETFs begin trading on TSX
Mr. Steve Hawkins reports
LONGPOINT ADDS DOUBLE LEVERAGED ETFS ON CANADIAN STOCKS
LongPoint Asset Management Inc. has launched nine new Savvy double-leveraged single-stock ETFs (exchange-traded funds), which began trading today on the Toronto Stock Exchange. 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 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, chief executive officer 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 megacap 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, with two times the daily return (on a percentage basis) of the reference stock.
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," Mr. 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 offerings of initial shares and began trading on the TSX when the market opens this morning.
About LongPoint Asset Management Inc.
LongPoint delivers innovative ETF solutions designed to enhance your Canadian investing journey. With over 70 years of combined expertise in the ETF market, its 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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