LongPoint Asset Management Inc. Opens the Market

Product Launch and Market Opening

• LongPoint Asset Management Inc. announced the launch of three new SavvyLong double-leveraged single stock ETFs on the Toronto Stock Exchange (TSX) on May 28, 2026.
• The funds provide 2x daily leveraged long exposure to Robinhood Markets (HOOD), Meta Platforms (META), and Palantir Technologies (PLTR).
• Trading commenced in Canadian Dollars without U.S. dollar hedging.
• On June 2, 2026, the company held a market opening ceremony with CEO Steve Hawkins and TSX Managing Director Graham MacKenzie to officially launch the funds.
• The launch expands LongPoint’s existing platform, which the company claims was the fastest-growing ETF provider in Canada by percentage in 2025.
• The company currently manages 49 Canadian-listed ETFs with over $400 million in assets under management.

Evaluation of Recent News

• The June 2 market opening is a procedural follow-up to the May 28 product announcement.
• The news is expected and incremental, aligning with the company’s stated strategy of expanding its double-leveraged single stock ETF family.
• No material financial impact, revenue figures, or AUM growth metrics are disclosed in the release.
• Leveraged ETFs are a niche product class with high tracking error and volatility decay risks, limiting immediate broad market impact.
• The announcement does not alter the company’s fundamental outlook or trigger a re-rating of the stock.

Business Profile

• LongPoint Asset Management Inc. is a Canadian-owned and operated ETF provider.
• The company focuses on designing and launching targeted, multi-family ETF solutions.
• Flagship project: SavvyLong leveraged single stock ETFs, offering 2x and -2x daily exposure to specific equities.
• The company reported being the fastest-growing ETF provider in Canada by percentage in 2025.