Northwire Canada EditionFriday, July 10, 2026
Sign inSubscribe
Northwire
⌕
AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1%
Other Routine +

LongPoint Adds to Its Family of Double Leveraged Single Stock ETFs

Expanding leveraged ETF suite into AI semiconductors and SpaceX taps into tactical demand for concentrated, high-beta exposure.

By The Northwire Desk — AI Analysis Jun 15, 2026 · 09:32 ORBU NaN
Executive Summary
  • LongPoint Asset Management Inc. announced the launch of three new Savvy Double Leveraged Single Stock ETFs (AMDU, MUU, and ORBU) on the Toronto Stock Exchange, with trading commencing June 17, 2026.
  • The funds provide 2X daily leveraged long exposure to Advanced Micro Devices (AMD), Micron Technology, and SpaceX, respectively, priced in Canadian Dollars without USD hedging.
  • The launch follows a Dec 2024 expansion into leveraged crude/natural gas ETFs and a May 2025 launch of Canada's first triple-leveraged index ETFs.
  • Management cites strong investor demand for AI and space sector leverage, referencing SpaceX's recent IPO valuation of ~$2T USD and massive first-day trading volume.
  • The products are explicitly marketed as highly speculative, non-diversified instruments for daily/short-term trading by sophisticated investors, with standard compounding and tracking error warnings.
Material Impact
  • This is a product expansion for an asset manager. It does not represent a change in core operations, profitability, or capital structure.
  • Revenue impact will be incremental, driven by management fees on new AUM, but initial inflows for niche leveraged single-stock ETFs are typically modest and highly sensitive to market volatility and retail sentiment.
  • No material change to the company's risk profile or strategic direction beyond its established pattern of launching leveraged/alternative ETFs.
ORBU · Price
Company Overview
  • LongPoint Asset Management Inc. is a Canadian asset manager focused on alternative and leveraged ETF products.
  • The company has progressively expanded its suite from leveraged energy products to index leverage, and now to single-stock leverage targeting high-conviction sectors like AI and space.
  • The business model relies on asset gathering, management fees, and product distribution within the Canadian market.
Read the original news release →

More from NaN

Jun 19, 2026 · 10:39

Expanding Canada's leveraged ETF suite with AI and space sector exposure amid rapid product rollout.

Other