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Solactive is pleased to announce its latest collaboration with LongPoint Asset Management. LongPoint launched Canada’s first triple-leveraged ETFs offering exposure to the US semiconductor sector, allowing investors to gain increased long or inverse exposure to a sector at the center of global technology innovation. The MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (ticker: SOXU) and the MegaShort (-3X) US Semiconductors Daily Leveraged Alternative ETF (ticker: SOXD) both benchmark the Solactive United States Semiconductors 30 Capped Index.
The semiconductor industry is a cornerstone of modern technology. Global revenue reached USD 167.7 billion in the first quarter of 2025 – an increase of 18.8% compared to the first quarter of 2024 – driven by strong demand across all sectors and robust growth in the Americas.[1]At the same time, ETF inflows in Canada reached a record high of CAD 13.6 billion in March 2025, with CAD 393 million coming from leveraged and inverse ETFs[2], underlining the growing investor interest in such instruments.
The Solactive United States Semiconductors 30 Capped Index is designed to capture the performance of the 30 largest U.S.-listed companies in the semiconductor industry, classified under NAICS codes 334413 (Semiconductor and Related Device Manufacturing) and 333242 (Semiconductor Machinery Manufacturing). Eligible components are selected from the Solactive GBS United States Investable Universe Index and must be listed on U.S. exchanges. Components are weighted by free float market capitalization, with a cap of 7.5% for the five largest companies and 4.5% for all others to ensure diversification.
The ETFs listed on 23rd May on the Toronto Stock Exchange (TSX) with the ticker codes “SOXU” for the MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF and “SOXD” for the MegaShort (-3X) US Semiconductors Daily Leveraged Alternative ETF.
Steffen Scheuble, CEO of Solactive, commented: “We are proud to support LongPoint in bringing Canada’s first triple-leveraged semiconductor ETFs to market, an important milestone for both the Canadian market and active investors. The Solactive United States Semiconductors 30 Capped Index is designed to reflect the dynamism and innovation of the semiconductor industry. We always strive to deliver customized indexing solutions to meet the evolving needs of the industry.”
Mark Raes, Chief Product Officer at LongPoint ETFs, commented: “We are excited to launch Canada’s first triple leveraged ETFs, including US semiconductors benchmarked with Solactive. LongPoint is focused on bringing specialized ETF ideas to help navigate Canadian investing, and therefore we value Solactive’s flexibility towards client’s needs and ability to be quick to market with benchmark solutions.”
[1] Global Semiconductor Sales Increase 18.8% in Q1 2025 Compared to Q1 2024; March 2025 Sales up 1.8% Month-to-Month
[2] Canada’s ETF industry sets new monthly inflow record in March
