SavvyLong 2x Apple ETF (AAPU)

Profile

SavvyLong 2x Apple ETF is a leveraged exchange-traded fund designed to deliver two times the daily performance of Apple Inc.'s common stock. Structured as a Canadian Mutual Fund Trust and managed by LongPoint Asset Management Inc., this ETF employs financial derivatives and borrowing to achieve its stated leverage, providing amplified exposure to one of the world's most influential technology companies. The fund seeks to track twice the daily percentage return of Apple, before fees, expenses, and transaction costs, but does not hedge currency risk to the U.S. dollar, meaning investors are also exposed to fluctuations in the dollar's value. The ETF is passively managed, aiming to replicate its target multiple rather than outperform it through active security selection. SavvyLong 2x Apple ETF is tailored for market participants seeking high-conviction, short-term positions related to Apple’s stock performance, often in response to company announcements or broader market events. As a part of the emerging category of single-stock leveraged ETFs in Canada, it reflects growing investor demand for tools that allow precise positioning around large-cap U.S. equities within a domestic, Canadian-dollar-denominated vehicle.