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LongPoint Seeks to List Canada's First Triple Levered Index ETFs
- LongPoint filed a preliminary prospectus seeking to list the first triple leveraged index ETFs
- LongPoint is a Canadian owned and operated ETF provider
Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - LongPoint Asset Management Inc. ("LongPoint") is proud to announce that it has filed the preliminary prospectus for the listing of 11 triple leveraged index ETFs (the "Mega ETFs"), including six triple leveraged long index exposures (the "MegaLong (3X) ETFs") and five triple leveraged inverse index exposures (the "MegaShort (-3X) ETFs"). The Mega ETFs have applied for conditional listing on the Toronto Stock Exchange (the "TSX").
LongPoint is the newest Canadian provider of leveraged and inverse leveraged ETFs, having listed crude oil and natural gas up to two times leverage and inverse leveraged ETFs in December 2024 and having filed a preliminary prospectus dated May 2, 2025 seeking to launch Canada's first double levered single stock ETFs. LongPoint also offers its unique Partnership ETF platform, which simplifies the launch, operation and growth of ETFs for its partner asset managers. LongPoint is a Canadian owned and operated company.
"LongPoint, for well over a year now, has been monitoring how active Canadian investors have been increasingly using U.S. listed triple levered index ETFs, which lead to our realization there was a need for comparable ETFs listed in Canada. To rectify this cross-border ETF inequality, LongPoint has been actively, and aggressively, working with the Canadian securities regulatory authorities for almost 11 months seeking approval of the Mega ETFs. Our proposed Canadian domiciled and listed Mega ETFs will provide triple levered exposure to several very popular underlying index exposures," said Steve Hawkins, CEO of LongPoint. "With our LongPoint team having more than 30 years of experience managing leveraged and inverse leveraged ETFs, we have designed the Mega ETFs with all the key components that we believe are important to active Canadian investors."
"With today's North American market volatility created by the new U.S. administration, it has created a lot of short-term trading opportunities, both long and short, for active Canadian investors who have strong views on these large-cap U.S. indices as well as with some actively followed Canadian sectors. LongPoint's triple leveraged index ETFs, upon listing, will offer Canadians domestic ETFs, traded on a Canadian exchange in Canadian dollars, to position themselves with broad index exposure based on an assessment of market events, technical signals, market momentum, and geopolitical news and announcements," added Mr. Hawkins.
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