Overview
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Description
SavvyLong 2x MSFT ETF is a leveraged exchange-traded fund designed to provide twice the daily performance of its underlying benchmark, which focuses on exposure to the Microsoft Corporation and companies within the information technology sector. Managed by LongPoint Asset Management Inc., the fund seeks to replicate 2x the daily returns of the sector by employing both direct investments and financial derivatives. This approach is tailored for investors seeking to capitalize on short-term movements in Microsoft’s stock price, as the fund’s leveraged structure magnifies both gains and losses over brief holding periods. SavvyLong 2x MSFT ETF operates with a passive management style, aiming to closely match the performance of its targeted index. The fund does not distribute dividends and is considered highly speculative due to its use of leverage. Its role in the market is to offer a tactical trading instrument for those pursuing amplified exposure to the performance of Microsoft and the broader information technology landscape within public equity markets.
About
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Instrument type
ETF
Country
Canada
MIC code
XTSE