Overview
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Description
SavvyLong (2X) MSFT ETF is a leveraged exchange-traded fund managed by LongPoint Asset Management, Inc. Designed to deliver twice the daily performance of Microsoft Corporation’s common stock, this ETF provides exposure to one of the world's leading technology companies by employing both direct investments and financial derivatives. The fund targets investors seeking amplified returns from short-term movements in Microsoft's stock price. To achieve its objective, SavvyLong (2X) MSFT ETF rebalances its portfolio daily to maintain 200% exposure relative to MSFT’s daily percentage move, which can result in compounding effects over longer holding periods. The ETF operates with a passive management style and does not hedge currency exposure to the U.S. dollar, reflecting the direct influence of Microsoft’s performance and broader trends in the information technology sector. This product is considered highly speculative due to its use of leverage and is intended primarily as a tactical tool for short-term market strategies rather than as a buy-and-hold investment vehicle. The ETF does not distribute dividends to its holders and is structured as a Canadian mutual fund trust.
About
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Instrument type
ETF
Country
Canada
MIC code
NEOE