Building on LongPoint Asset Management Inc.’s successful inaugural launch of triple-leveraged ETFs in Canada, Solactive is pleased to announce a further collaboration. The Canadian ETF issuer recently launched five additional 3× long and inverse ETFs, each benchmarked to one of three Solactive indices. The expanded suite of products offers Canadian investors targeted exposure to long-duration U.S. Treasury securities, Canadian banks, and Canadian gold miners.
These products benchmark the Solactive US 20+ Year Treasury Bond Index, the Solactive Equal Weight Canada Banks Index, and the Solactive Canadian Gold Miners Index:
- MegaLong (3X) 20+ Year US Treasury Daily Leveraged Alternative ETF (ticker code: TLTU)
- MegaShort (-3X) 20+ Year US Treasury Daily Leveraged Alternative ETF (ticker code: TLTD)
- MegaLong (3X) Canadian Banks Daily Leveraged Alternative ETF (ticker code: BNKU)
- MegaLong (3X) Canadian Gold Miners Daily Leveraged Alternative ETF (ticker code: CGMU)
- MegaShort (-3X) Canadian Gold Miners Daily Leveraged Alternative ETF (ticker code: CGMD)
The launch of these products comes at a time of heightened investor interest in directional strategies amid ongoing macroeconomic uncertainty. With annual U.S. consumer price inflation moderating to 2.3% in April 2025, the lowest level since February 2021, expectations have grown for Federal Reserve rate cuts later this year.[1] This has renewed demand for exposure to long-duration U.S. Treasuries. At the same time, according to the Bank of Canada’s 2025 Financial Stability Report[2], Canadian banks continue to demonstrate strong capital and earnings stability. Market insights also note that gold remains a safe-haven asset in uncertain environments. [3]
The MegaLong (3X) and MegaShort (-3X) 20+ Year US Treasury Daily Leveraged Alternative ETFs benchmark the Solactive US 20+ Year Treasury Bond Index. The index tracks USD-denominated U.S. Treasury bonds with a remaining maturity of at least 20 years. It is market value-weighted, rebalanced monthly, and excludes callable, inflation-linked, and floating-rate bonds.
The MegaLong (3X) Canadian Banks Daily Leveraged Alternative ETF benchmarks the Solactive Equal Weight Canada Banks Index, which tracks the performance of an equal-weighted portfolio of the largest Canadian banks. The index includes major publicly listed Canadian banks and is rebalanced quarterly to maintain equal weighting.
The MegaLong (3X) and MegaShort (-3X) Canadian Gold Miners Daily Leveraged Alternative ETFs benchmark the Solactive Canadian Gold Miners Index, which tracks Canadian-listed companies active in gold mining. The index is reviewed quarterly and includes only those companies with significant operations in gold exploration, development, or production.
All five ETFs listed on May 29, 2025, on the Toronto Stock Exchange.
Steffen Scheuble, CEO of Solactive, commented: “Our long-standing, truly collaborative relationship with the leadership team at LongPoint once again underscores our shared commitment to delivering innovative solutions tailored to the needs of active Canadian investors. Solactive’s index solutions serve as high-conviction tools in today’s increasingly tactical investment environment, offering diversified exposure across key sectors and asset classes. These new leveraged products empower experienced, sophisticated investors who fully understand the risks associated to act decisively and efficiently in response to evolving market dynamics.”
Steve Hawkins, CEO of LongPoint ETFs, commented: “We are excited at LongPoint ETFs to continue our collaboration with Solactive, a partner who has consistently proven to be exceptional over the years. Steffen and I share a long-standing history of driving innovation and challenging the status quo within the Canadian ETF industry and are pleased to do so again.”
[1] Projected US Interest Rates in 5 Years: Inflation and Job Market Risks Shape Fed’s Stance as Rates Stay Steady
[2] Full text: Bank of Canada says trade uncertainty has pushed risks higher overall
[3] Gold fever makes a comeback as buyers and bankers recoil from uncertainty
