Northwire Canada EditionThursday, October 15, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Other Routine +

LongPoint Asset Management Inc. Opens the Market

LongPoint Expands Leveraged ETF Suite with TSX-Listed Single-Stock Funds

By The Northwire Desk — AI Analysis Jun 02, 2026 · 10:31 METU · 18.66 SAVVYLONG 2X META ETF
Executive Summary
  • On May 28, 2026, LongPoint Asset Management Inc. announced the launch of three new Savvy Double Leveraged Single Stock ETFs on the Toronto Stock Exchange (TSX): RBNU (2x HOOD), METU (2x META), and PLTU (2x PLTR).
  • Initial share offerings for these funds closed immediately, with trading commencing at market open on May 28, 2026.
  • The funds provide 2x leveraged long exposure to their respective underlying U.S. equities, trade in Canadian dollars, and do not hedge U.S. dollar exposure.
  • On June 2, 2026, LongPoint held a market opening ceremony at the TSX to mark the launch, featuring CEO Steve Hawkins and TSX Managing Director Graham MacKenzie.
  • The company notes it was the fastest-growing ETF provider in Canada by percentage in 2025 and now offers Canada's only suite of double-leveraged single stock ETFs, expanding from its December 2024 entry into crude/natural gas leveraged ETFs and May 2025 triple-levered index ETFs.
Material Impact
  • The June 2 TSX opening ceremony is a ceremonial follow-up to the May 28 product launch. It confirms execution but adds no new financial or operational data.
  • The launch is incremental product expansion. Initial offerings are closed, indicating seed capital has been raised, but no AUM figures, fee structures, or revenue projections are disclosed.
  • The news aligns with LongPoint's stated growth trajectory and does not alter the company's fundamental risk profile or capital requirements.
  • No material positive or negative surprise. The market likely priced in this expansion given the May 28 announcement and the company's 2025 growth narrative.
  • The focus remains on execution risk and whether these leveraged products can attract sustainable AUM in a competitive Canadian ETF landscape.
METU · Price
Company Overview
  • LongPoint Asset Management Inc. is a Canadian exchange-traded fund provider focused on leveraged and tactical investment products.
  • Flagship initiative: The Savvy leveraged ETF suite, which has expanded from commodity leveraged funds (Dec 2024) to triple-levered index ETFs (May 2025) and now double-leveraged single-stock ETFs (May/June 2026).
  • Target market: Active Canadian investors seeking tactical, leveraged exposure to specific equities without direct U.S. market access.
  • Business model: Asset management fees based on AUM, typical of ETF providers. Capital-light structure but requires ongoing marketing, distribution, and seed capital for new fund launches.
Read the original news release →

More from SAVVYLONG 2X META ETF

May 28, 2026 · 08:01

LongPoint Expands Leveraged ETF Suite Amidst Valuation Correction

Production / Operations