Northwire Canada EditionThursday, October 15, 2026
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GOLD 4161.00 +1.3% SILVER 56.92 +1.9% COPPER 6.56 −1.5% OIL 95.48 +0.4% PALLADIUM 1133.75 +3.4% DNO 0.300 +0.0% RRRL 0.150 +0.0% MTT 0.245 +0.0% BAU 0.190 +0.0% TECT 1.66 +0.0% TOM 0.135 +0.0% FVL 0.900 +0.0% HART 0.195 +0.0% VLD 0.415 +0.0% TGOL 0.150 +0.0% TWR 0.170 +0.0% LAF 0.810 +0.0% SAO 0.050 +0.0% SEND 0.750 +0.0% MD 0.330 +0.0% ASM 6.97 +0.0% GOLD 4161.00 +1.3% SILVER 56.92 +1.9% COPPER 6.56 −1.5% OIL 95.48 +0.4% PALLADIUM 1133.75 +3.4% DNO 0.300 +0.0% RRRL 0.150 +0.0% MTT 0.245 +0.0% BAU 0.190 +0.0% TECT 1.66 +0.0% TOM 0.135 +0.0% FVL 0.900 +0.0% HART 0.195 +0.0% VLD 0.415 +0.0% TGOL 0.150 +0.0% TWR 0.170 +0.0% LAF 0.810 +0.0% SAO 0.050 +0.0% SEND 0.750 +0.0% MD 0.330 +0.0% ASM 6.97 +0.0%
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LongPoint Adds to Its Family of Double Leveraged Single Stock ETFs

LongPoint Expands Leveraged ETF Suite Amidst Small AUM Base

Executive Summary
  • LongPoint Asset Management Inc. announced the launch of three new Savvy Double Leveraged Single Stock ETFs on the Toronto Stock Exchange (TSX).
  • The specific funds launched are RBNU (2x HOOD), METU (2x META), and PLTU (2x PLTR).
  • Trading commenced immediately in Canadian Dollars without hedging exposure to the U.S. dollar.
  • LongPoint currently manages 49 Canadian-listed ETFs with over $400 million in assets under management (AUM) as per release context.
  • Initial share offerings for these new funds have closed, indicating immediate capital deployment or liquidity provision.
Material Impact
  • The news represents an incremental expansion of the product suite rather than a fundamental shift in business model.
  • Launching leveraged ETFs is consistent with LongPoint's existing strategy ("Canada's only double-leveraged single stock ETF family").
  • Given the small AUM base ($400 million), this launch adds to revenue potential but does not materially alter the company's risk profile or valuation significantly on its own.
  • The news confirms execution capability (initial offerings closed) which validates operational competence, a positive signal for an asset manager.
  • No new strategic investors or major capital raises are disclosed in this release that would suggest a change in control or massive liquidity injection.
RBNU · Price
Company Overview
  • Company: LongPoint Asset Management Inc. is a Canadian-owned provider of leveraged single stock ETF solutions.
  • Flagship Project: The Savvy Double Leveraged Single Stock ETF family, currently comprising 49 funds including the newly launched RBNU, METU, and PLTU.
  • Development Status: Active product management with immediate trading commencement on TSX for new products.
  • Scale: Small-scale operator with $400 million AUM compared to major asset managers (e.g., BlackRock, Vanguard) which manage trillions.
Read the original news release →

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