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LongPoint Asset Management Inc. Opens the Market

LongPoint Expands Savvy Leveraged ETF Lineup with Three New Single-Stock Listings on TSX

By The Northwire Desk — AI Analysis Jun 02, 2026 · 10:31 PLTU · 30.08 SAVVYLONG 2X PLTR ETF
Executive Summary
  • LongPoint Asset Management Inc. launched three new Savvy double-leveraged single-stock ETFs on the Toronto Stock Exchange (TSX): RBNU (2X HOOD), METU (2X META), and PLTU (2X PLTR).
  • The funds provide 2x leveraged long exposure to Robinhood Markets, Meta Platforms, and Palantir Technologies, trading in Canadian dollars without USD hedging.
  • Initial share offerings closed, with trading commencing on May 28, 2026.
  • A TSX market opening ceremony was held on June 2, 2026, featuring CEO Steve Hawkins, highlighting LongPoint's status as Canada's fastest-growing ETF provider by percentage in 2025.
  • The news items from May 28 and June 2 are repetitive updates confirming the launch, listing details, and ceremonial market opening.
Material Impact
  • The launch represents an incremental expansion of LongPoint's existing Savvy leveraged ETF family, which previously included 2x and 3x index products.
  • Product launches of this nature are standard for active ETF providers and are generally priced into expectations, especially given LongPoint's stated growth trajectory in 2025.
  • The move targets active Canadian investors seeking tactical exposure to high-conviction U.S. tech and financial names, which aligns with current market demand for leveraged single-stock products.
  • The impact is positive but routine. It does not represent a fundamental shift in business model, a strategic partnership, or a transformative capital event. Revenue and AUM growth will be incremental and dependent on sustained trading volumes and market volatility.
PLTU · Price
Company Overview
  • LongPoint Asset Management Inc. is a Canadian exchange-traded fund provider focused on leveraged and inverse products.
  • Flagship initiative: The Savvy leveraged ETF family, offering 2x and 3x daily leveraged exposure to major Canadian and U.S. indices, recently expanded to include single-stock leveraged products.
  • The company positions itself as a fast-growing alternative to traditional passive ETFs, targeting active traders and tactical allocators.
  • Management emphasizes meeting demand for sector-specific leveraged exposure as market cycles rotate.
Read the original news release →

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